Question: Check My Work ( 3 remaining ) eBook The J&B Card Shop sells calendars featuring a different colonial picture for each month. The once -

Check My Work (3 remaining)
eBook
The J&B Card Shop sells calendars featuring a different colonial picture for each month. The once-a-year order for each year's calendar arrives in September. From past experience, the September-to-July demand for the calendars can be approximated by a normal distribution with =320 and standard deviation =18. The calendars cost $4.50 each, and J&B sells them for $16 each. Use Appendix A to determine z-value. Round z-value to two decimal places. Do not round any other intermediate calculations. Round your answers to the nearest whole number.
a. Suppose that J&B throws out all unsold calendars at the end of July. Using marginal economic analysis, how many calendars should be ordered?
calendars
b. If J&B sells surplus calendars for $1 at the end of July and can sell all of them at this price, how many calendars should be ordered?
calendars
 Check My Work (3 remaining) eBook The J&B Card Shop sells

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