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Homework answers / question archive / A cabinetmaker uses mahogany wood to produce five desks each day
A cabinetmaker uses mahogany wood to produce five desks each day. Each delivery of one container of wood is $5000, whereas the storage of that material is $10 per day per unit stored, where a unit is the amount of material needed by her to produce one desk.
How much material should be ordered each time, and how often should the material be delivered, to minimize her average daily cost in the production cycle between deliveries?
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