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Name: A company needs 150,000 items per year. It costs the company $720 to p
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Description: A company needs 150,000 items per year. It costs the company $720 to prepare a production run of these items and $18 to produce each item. If it also costs the company $1.50 per year for each item stored, find the number of items that should be produ

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter12: Algebra Of Matrices

Section12.CR: Review Problem Set

Problem 37CR

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A company needs 150,000 items per year. It costs the company $720 to prepare a production run of these items and $18 to produce each item. If it also costs the company $1.50 per year for each item stored, find the number of items that should be produced in each run so that total costs of production and storage are minimized.

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