14 Find the optimum number of batches to the nearest whole

Last updated: 10/18/2023

14 Find the optimum number of batches to the nearest whole number of an item that should be produced annually in order to minimize cost if 50 000 units are to be made it costs 4 to store a unit for one year and it costs 500 to set up the factory to produce each batch Assume that units of this item will be sold off throughout the year so the cost equation will use the average cost A 14 batches B 12 batches D 16 batches C 10 batches