1) Order size (inventory):The Liquor Control Board orders 30,000 cases of French wine in a year. It costs 100$ to place an order and 5 $ to store one case for one year. Let x be the number of orders in a year. The number of cases in each order (as a function of x) is The total cost is y =: The derivative is:
1) Order size (inventory):The Liquor Control Board orders 30,000 cases of French wine in a year. It costs 100$ to place an order and 5 $ to store one case for one year. Let x be the number of orders in a year. The number of cases in each order (as a function of x) is The total cost is y =: The derivative is:
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![1) Order size (inventory):The
wine in a year. It costs 100$ to place an order and 5 S to store one case for one year. Let
x be the number of orders in a year.
The number of cases in each order (as a function of x) is
Liquor Control Board orders 30,000 cases of French
The total cost is y =:
The derivative is:
The thing to do is: Order
solver answer).
times a year. (You can just round off the](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9b287d40-7eef-4a0f-ac8a-9b3bd892051d%2Ff256e3cb-6774-45cf-9b21-4987a6def4a5%2Fvgmpbh_processed.png&w=3840&q=75)
Transcribed Image Text:1) Order size (inventory):The
wine in a year. It costs 100$ to place an order and 5 S to store one case for one year. Let
x be the number of orders in a year.
The number of cases in each order (as a function of x) is
Liquor Control Board orders 30,000 cases of French
The total cost is y =:
The derivative is:
The thing to do is: Order
solver answer).
times a year. (You can just round off the
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