A company needs 450,000 items per year. Production costs are $1000 to prepare for a production run

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A company needs 450,000 items per year. Production costs are $1000 to prepare for a production run and $20 for each item produced. Inventory costs are $4 per item per year. Find the number of items that should be produced in each run so that the total costs of production and storage are minimized.

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