Suppose that a company produces 40,000 parts over the course of the year. Each production run costs the company $125. In addition, it costs $12 to store one of these items for one year. In the following problems, let x represent the number of production runs, and assume that we are using the maximum inventory model when it comes to storage. a. Write an expression for the total setup costs for one year. Total Setup Costs = b. Write an expression for the number of items per production run. # of items per production run = c. Write an expression for the total storage costs for one year. Total Storage Costs =
Percentage
A percentage is a number indicated as a fraction of 100. It is a dimensionless number often expressed using the symbol %.
Algebraic Expressions
In mathematics, an algebraic expression consists of constant(s), variable(s), and mathematical operators. It is made up of terms.
Numbers
Numbers are some measures used for counting. They can be compared one with another to know its position in the number line and determine which one is greater or lesser than the other.
Subtraction
Before we begin to understand the subtraction of algebraic expressions, we need to list out a few things that form the basis of algebra.
Addition
Before we begin to understand the addition of algebraic expressions, we need to list out a few things that form the basis of algebra.
Suppose that a company produces 40,000 parts over the course of the year. Each production run costs the company $125. In addition, it costs $12 to store one of these items for one year. In the following problems, let x represent the number of production runs, and assume that we are using the maximum inventory model when it comes to
storage.
a. Write an expression for the total setup costs for one year.
Total Setup Costs =
b. Write an expression for the number of items per production run.
# of items per production run =
c. Write an expression for the total storage costs for one year.
Total Storage Costs =
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