Glorious Gadgets is a retailer of astronomy equipment. They purchase equipment from a supplier and then sell it to customers in their store. The function C(x) = 2.5x + 22750x inventory costs (in dollars) as a function of x the lot size for each of their orders from the supplier. The inventory costs include such things as purchasing, processing, shipping, and storing the equipment. + 6500 models their total What lot size should Glorious Gadgets order to minimize their total inventory costs? (NOTE: your answer must be the whole number that corresponds to the lowest cost.) What is their minimum total inventory cost? $

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Glorious Gadgets is a retailer of astronomy equipment.
They purchase equipment from a supplier and then sell it
to customers in their store. The function
C(x) = 2.5x + 22750x
inventory costs (in dollars) as a function of x the lot size
for each of their orders from the supplier. The inventory
costs include such things as purchasing, processing,
shipping, and storing the equipment.
+ 6500 models their total
What lot size should Glorious Gadgets order to minimize
their total inventory costs? (NOTE: your answer must be
the whole number that corresponds to the lowest cost.)
What is their minimum total inventory cost? $
Transcribed Image Text:Glorious Gadgets is a retailer of astronomy equipment. They purchase equipment from a supplier and then sell it to customers in their store. The function C(x) = 2.5x + 22750x inventory costs (in dollars) as a function of x the lot size for each of their orders from the supplier. The inventory costs include such things as purchasing, processing, shipping, and storing the equipment. + 6500 models their total What lot size should Glorious Gadgets order to minimize their total inventory costs? (NOTE: your answer must be the whole number that corresponds to the lowest cost.) What is their minimum total inventory cost? $
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