In the discussion of economic lot size, use the critical point theorem to show that V(2fM)/k is the economic lot size that minimizes total production costs.

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In the discussion of economic lot size, use the critical point
theorem to show that V(2fM)/k is the economic lot size that
minimizes total production costs.
Transcribed Image Text:In the discussion of economic lot size, use the critical point theorem to show that V(2fM)/k is the economic lot size that minimizes total production costs.
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