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Leonard Presby, Inc., has an annual demand rate of 1 , 0 0 0 units but can produce at an average production rate of 2

Leonard Presby, Inc., has an annual demand rate of

1, 000

units but can produce at an average production rate of

2, 000

units. The setup cost is $

10

; carrying cost is $

1 .

What is the optimal number of units to be produced each time?

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