6. The start up are running business and want to minimize equipment expenses. For a particular...

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6. The start up are running business and want to minimize equipment expenses. For a particular piece of equipment, the costs can be broken into initial outlays to buy the equipment, fixed annual expenses to keep the equipment in the inventory, and repair costs which we anticipate rising as the equipment gets older. A widget press costs 10,000B to buy, and the operating expenses are 500 per year, and the total repair costs are 300t² over the first t years. What is the optimal length of time to use a widget press before replacing it? You should shown your answer algebraically and graphically. 6. The start up are running business and want to minimize equipment expenses. For a particular piece of equipment, the costs can be broken into initial outlays to buy the equipment, fixed annual expenses to keep the equipment in the inventory, and repair costs which we anticipate rising as the equipment gets older. A widget press costs 10,000B to buy, and the operating expenses are 500 per year, and the total repair costs are 300t² over the first t years. What is the optimal length of time to use a widget press before replacing it? You should shown your answer algebraically and graphically.

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I given buying Cost 10000 a operating Cost repair Cost total Cost C t So this is suita... View the full answer