Foggy Optics, Inc. makes laboratory microscopes. Setting up each production run costs $4000. Insurance costs, based on the average number of microscopes in the warehouse, amount to $10 per microscope per year. Storage costs, based on the maximum number of microscopes in the warehouse, amount to $15 per microscope per year. Suppose that the company expects to sell 800 microscopes at a fairly uniform rate throughout the year. Determine the number of production runs that will minimize the overall expenses for the company. The number of runs is.
Foggy Optics, Inc. makes laboratory microscopes. Setting up each production run costs $4000. Insurance costs, based on the average number of microscopes in the warehouse, amount to $10 per microscope per year. Storage costs, based on the maximum number of microscopes in the warehouse, amount to $15 per microscope per year. Suppose that the company expects to sell 800 microscopes at a fairly uniform rate throughout the year. Determine the number of production runs that will minimize the overall expenses for the company. The number of runs is.
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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