Question: A company needs 4 8 0 , 0 0 0 items per year. It costs the company $ 2 0 0 to prepare a production
A company needs items per year. It costs the company $ to prepare a production run of these items and $ to produce each item. If it also costs the company $ 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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