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u8p4
11.10.2020 • 
Mathematics

Foggy Optics, Inc. makes laboratory microscopes. Setting up each production run costs $4500. Insurance costs, based on the average number of microscopes in the warehouse, amount to $20 per microscope per year. Storage costs, based on the maximum number of microscopes in the warehouse, amount to $20 per microscope per year. Suppose that the company expects to sell 2400 microscopes at a fairly uniform rate throughout the year. Determine the number of production runs that will minimize the overall expenses for the company.

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