Question: A company needs 150,000 items per year. It costs the company $360 to prepare a production run of these items and $7 to produce each

A company needs 150,000 items per year. It costs the company $360 to prepare a production run of these items and $7 to produce each item. If it also costs the company $0.75 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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