Based on the success in publishing Professor Erstwhile's book, the Associated Students of Foothill College have...

 

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Based on the success in publishing Professor Erstwhile's book, the Associated Students of Foothill College have received and order of 2,000,000 books to be printed for the year. The students have computed the production costs to be $1.25 per book, and will be charged 2 per month for storage, and the cost per print run will be $5,500. How many print runs should you run to minimize total yearly cost and what will be the minimum cost for the year? Recreate the summary table below in your exam document. SHOW WORK. x-value to minimize cost (rounded to 2-places) Minimum total cost (to nearest cent) Based on the success in publishing Professor Erstwhile's book, the Associated Students of Foothill College have received and order of 2,000,000 books to be printed for the year. The students have computed the production costs to be $1.25 per book, and will be charged 2 per month for storage, and the cost per print run will be $5,500. How many print runs should you run to minimize total yearly cost and what will be the minimum cost for the year? Recreate the summary table below in your exam document. SHOW WORK. x-value to minimize cost (rounded to 2-places) Minimum total cost (to nearest cent)