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Plz help me fast A manufacturer wants to produce 5,000 items in a six-month period and it takes $180.00 to set up a production run.
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A manufacturer wants to produce 5,000 items in a six-month period and it takes $180.00 to set up a production run. If the cost to store an item for six months is $1.80 per item, find how long each run should be to minimize the combined costs of storage and setting up the production runs. A company needs 54,756 items per year. Productions costs are $144 to prepare for a production run and $6 for each item produced. Inventory costs are linear and are $8 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. The company should produce_ items per production run. There would be production runs per year. Question Help: VideoStep by Step Solution
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