Homework Help is Here – Start Your Trial Now!
Math
Advanced Math
Over at Duffin House, Marjory Duffin is trying to decide on the size of the print runs for the best-selling new fantasy novel Larry Plotter and the Simplex Method. The following model shows a calculation of the total cost to produce a million copies of the novel, based on an analysis of setup and storage costs c(n) = 0.0008n²-74n+ 2,000,000 dollars, where n is the print run size (the number of books printed in each run). (a) What would be the effect on cost if the run size was increased from 20,000 to 30,000? and a run of 30,000 would cost $ dollars. A run of size 20,000 would cost $ $30,000 per month would result in a savings of . Thus, increasing the run size from $20,000 to (b) Would increasing the run size in further steps of 10,000 result in the same changes in the total cost? Explain. O The cost decreases at a faster and faster rate and then begins to increase. Going from 30,000 to 40,000 decreases the cost by about the same a going from 20,000 to 30,000. O The cost decreases at a slower and slower rate and then begins to increase. Going from 30,000 to 40,000 decreases the cost by about the same a going from 20,000 to 30,000. O The cost decreases at a slower and slower rate and then begins to increase. Going from 30,000 to 40,000 decreases the cost considerably less than going from 20,000 to 30,000. O The cost decreases at a faster and faster rate and then begins to increase. Going from 30,000 to 40,000 decreases the cost by much more than going from 20,000 to 30,000. O The cost decreases at a constant rate and the savings is the same for every 10,000 book increase in the print run. (c) What run size would you recommend that Marjory Duffin use for a minimum cost? books

Over at Duffin House, Marjory Duffin is trying to decide on the size of the print runs for the best-selling new fantasy novel Larry Plotter and the Simplex Method. The following model shows a calculation of the total cost to produce a million copies of the novel, based on an analysis of setup and storage costs c(n) = 0.0008n²-74n+ 2,000,000 dollars, where n is the print run size (the number of books printed in each run). (a) What would be the effect on cost if the run size was increased from 20,000 to 30,000? and a run of 30,000 would cost $ dollars. A run of size 20,000 would cost $ $30,000 per month would result in a savings of . Thus, increasing the run size from $20,000 to (b) Would increasing the run size in further steps of 10,000 result in the same changes in the total cost? Explain. O The cost decreases at a faster and faster rate and then begins to increase. Going from 30,000 to 40,000 decreases the cost by about the same a going from 20,000 to 30,000. O The cost decreases at a slower and slower rate and then begins to increase. Going from 30,000 to 40,000 decreases the cost by about the same a going from 20,000 to 30,000. O The cost decreases at a slower and slower rate and then begins to increase. Going from 30,000 to 40,000 decreases the cost considerably less than going from 20,000 to 30,000. O The cost decreases at a faster and faster rate and then begins to increase. Going from 30,000 to 40,000 decreases the cost by much more than going from 20,000 to 30,000. O The cost decreases at a constant rate and the savings is the same for every 10,000 book increase in the print run. (c) What run size would you recommend that Marjory Duffin use for a minimum cost? books

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
See similar textbooks
icon
Related questions
Question
Over at Duffin House, Marjory Duffin is trying to decide on the size of the print runs for the best-selling new fantasy novel Larry Plotter and the Simplex Method. The following model shows a calculation of the total cost to produce a million copies of the novel, based on an analysis of setup and storage costs c(n) = 0.0008n² - 74n+ 2,000,000 dollars, where n is the print run size (the number of books printed in each run). (a) What would be the effect on cost if the run size was increased from 20,000 to 30,000? A run of size 20,000 would cost $ and a run of 30,000 would cost $ dollars. $30,000 per month would result in a savings of Thus, increasing the run size from $20,000 to (b) Would increasing the run size in further steps of 10,000 result in the same changes in the total cost? Explain. O The cost decreases at a faster and faster rate and then begins to increase. Going from 30,000 to 40,000 decreases the cost by about the same a going from 20,000 to 30,000. O The cost decreases at a slower and slower rate and then begins to increase. Going from 30,000 to 40,000 decreases the cost by about the same a going from 20,000 to 30,000. The cost decreases at a slower and slower rate and then begins to increase. Going from 30,000 to 40,000 decreases the cost considerably less than going from 20,000 to 30,000. O The cost decreases at a faster and faster rate and then begins to increase. Going from 30,000 to 40,000 decreases the cost by much more than going from 20,000 to 30,000. O The cost decreases at a constant rate and the savings is the same for every 10,000 book increase in the print run. (c) What run size would you recommend that Marjory Duffin use for a minimum cost? books
Transcribed Image Text:Over at Duffin House, Marjory Duffin is trying to decide on the size of the print runs for the best-selling new fantasy novel Larry Plotter and the Simplex Method. The following model shows a calculation of the total cost to produce a million copies of the novel, based on an analysis of setup and storage costs c(n) = 0.0008n² - 74n+ 2,000,000 dollars, where n is the print run size (the number of books printed in each run). (a) What would be the effect on cost if the run size was increased from 20,000 to 30,000? A run of size 20,000 would cost $ and a run of 30,000 would cost $ dollars. $30,000 per month would result in a savings of Thus, increasing the run size from $20,000 to (b) Would increasing the run size in further steps of 10,000 result in the same changes in the total cost? Explain. O The cost decreases at a faster and faster rate and then begins to increase. Going from 30,000 to 40,000 decreases the cost by about the same a going from 20,000 to 30,000. O The cost decreases at a slower and slower rate and then begins to increase. Going from 30,000 to 40,000 decreases the cost by about the same a going from 20,000 to 30,000. The cost decreases at a slower and slower rate and then begins to increase. Going from 30,000 to 40,000 decreases the cost considerably less than going from 20,000 to 30,000. O The cost decreases at a faster and faster rate and then begins to increase. Going from 30,000 to 40,000 decreases the cost by much more than going from 20,000 to 30,000. O The cost decreases at a constant rate and the savings is the same for every 10,000 book increase in the print run. (c) What run size would you recommend that Marjory Duffin use for a minimum cost? books
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,
SEE MORE TEXTBOOKS