Question: UI procures game - day football programs ( magazines ) from a publishing company. Under the current protocol, the UI pays the publishing company $

UI procures game-day football programs (magazines) from a publishing company. Under the current protocol, the UI pays the publishing company $9.00 for each program ordered. The UI then sells the programs for $10.00 at the corresponding games via a group of hired vendors. For each sold program, the UI pays the vendors $0.50. It costs the publishing company $7.00 to produce each program. For the first game of the season, the UI has determined that demand will be normally distributed with a mean of 9000 and a standard deviation of 400. Suppose that any unsold programs are worthless, and the UI simply recycles them.

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