A Company Needs 300 Items Per Year

question 65

Multiple Choice

A company needs 300 items per year. Production costs are $70 to prepare for a production run and $6 for each item produced. Inventory costs are $0.75 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. ​​

• A)237 items
• B)287 items
• C)276 items
• D)265 items
• E)254 items

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Sociohistorical Contexts

The combination of social, cultural, and historical factors that influence an individual's behaviors, beliefs, and interactions.

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