A company needs to produce 288,000 items per year. Production costs are $1500 to prepare for a

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A company needs to produce 288,000 items per year. Production costs are $1500 to prepare for a production run and $30 for each item produced. Inventory costs are $1.50 per year for each item stored. Find the number of items that should be produced in each run so that the total costs of production and storage are minimum.
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