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A tire manufacturer estimates that the annual demand for a certain size of tire is 40000 units. It only costs the plant $1250 in setup

A tire manufacturer estimates that the annual demand for a certain size of tire is 40000 units. It only costs the plant $1250 in setup costs for each batch of tires. The tire manufacturer's storage costs are based on their maximum inventory, and hence the storage costs are $2 per tire per year. How many tires should be produced in each batch to minimize total cost

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