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A manufacturer of hospital supplies has a uniform annual demand for 500,000 boxes of bandages. It costs $10 to store one box of bandages for one year and $160 to set up the plant for production. How many times a year should the company produce boxes of bandages in order to minimize the total storage and setup costs? The company should produce boxes of bandages time(s) a year.

A manufacturer of hospital supplies has a uniform annual demand for 500,000 boxes of bandages. It costs $10 to store one box of bandages for one year and $160 to set up the plant for production. How many times a year should the company produce boxes of bandages in order to minimize the total storage and setup costs? The company should produce boxes of bandages time(s) a year.

Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter3: Solving Equation And Problems
Section3.7: Costs, Income, And Value Problems
Problem 17P
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A manufacturer of hospital supplies has a uniform annual demand for 500,000 boxes of bandages. It costs $10 to store one box of bandages for one year and $160 to set up the plant for production. How many times a year should the company produce boxes of bandages in order to minimize the total storage and setup costs? The company should produce boxes of bandages time(s) a year. R. F10 F11 F12 F5 F6 F7 F8 F9 esc F1 F2 F3 F4 prt sc DII
Transcribed Image Text:A manufacturer of hospital supplies has a uniform annual demand for 500,000 boxes of bandages. It costs $10 to store one box of bandages for one year and $160 to set up the plant for production. How many times a year should the company produce boxes of bandages in order to minimize the total storage and setup costs? The company should produce boxes of bandages time(s) a year. R. F10 F11 F12 F5 F6 F7 F8 F9 esc F1 F2 F3 F4 prt sc DII
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