A firm uses 48,700 widgets per year and can produce 300 per day. Carrying costs are$2 and setup costs are $225. They operate 240 days per year. What is the optimalrun size?Do not round intermediate calculations. Round your answer to a whole number.

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Answered: A firm uses 48,700 widgets per year and…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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A firm uses 48,700 widgets per year and can produce 300 per day. Carrying costs are $2 and setup costs are $225. They operate 240 days per year. What is the optimal run size? Do not round intermediate calculations. Round your answer to a whole number.