Question #5 - A sporting goods store sells 100 pool tables per year. It costs $20...
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Question #5 - A sporting goods store sells 100 pool tables per year. It costs $20 to store pool tables for a year. To reorder, there is a fixed cost of $40 per shipment plus $16 for each pool table. How many times per year should the store order pool tables, and in what lot size, in order to minimize inventory costs? (2.5 points) Question #6 - The monthly cost of producing "X" units in our factory is given by the function C(x)=.001x +.05x +1000. The revenue generated from selling these units is given by the function R(x) = 20x-.5x2. Currently there are 15 units produced monthly. (3 points) A) Find the equation for Marginal Cost B) Find the equation for Marginal Profit. C) What is the additional cost of raising the output to 16 units? D) What is the additional profit to be gained or lost form raising output to 16 units? E) Is it a good idea to raise output to 16 units? Why? Question #5 - A sporting goods store sells 100 pool tables per year. It costs $20 to store pool tables for a year. To reorder, there is a fixed cost of $40 per shipment plus $16 for each pool table. How many times per year should the store order pool tables, and in what lot size, in order to minimize inventory costs? (2.5 points) Question #6 - The monthly cost of producing "X" units in our factory is given by the function C(x)=.001x +.05x +1000. The revenue generated from selling these units is given by the function R(x) = 20x-.5x2. Currently there are 15 units produced monthly. (3 points) A) Find the equation for Marginal Cost B) Find the equation for Marginal Profit. C) What is the additional cost of raising the output to 16 units? D) What is the additional profit to be gained or lost form raising output to 16 units? E) Is it a good idea to raise output to 16 units? Why?
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