Concept explainers
(a)
The average daily inventory.
(a)
Answer to Problem 74E
The average daily inventory is 300 drums.
Explanation of Solution
Given information:
Inventory function,
Calculations:
According to FTC (Fundamental Theorem of Calculus):
The average value for 30 − day period,
Thus,
The average daily inventory is 300 drums.
(b)
The average daily holding cost.
(b)
Answer to Problem 74E
The average daily holding cost is $6.
Explanation of Solution
Given information:
Inventory function,
The holding cost for one drum is
Calculations:
From Part (a) result,
We have
The average number of drums is 300.
According to statement,
Each drum’s holding cost is $0.02.
Now,
Thus,
The average daily holding cost is $6.
Chapter 6 Solutions
Calculus: Graphical, Numerical, Algebraic: Solutions Manual
Additional Math Textbook Solutions
Calculus: Early Transcendentals (3rd Edition)
Single Variable Calculus: Early Transcendentals (2nd Edition) - Standalone book
Thomas' Calculus: Early Transcendentals (14th Edition)
University Calculus: Early Transcendentals (3rd Edition)
Calculus & Its Applications (14th Edition)
- Calculus: Early TranscendentalsCalculusISBN:9781285741550Author:James StewartPublisher:Cengage LearningThomas' Calculus (14th Edition)CalculusISBN:9780134438986Author:Joel R. Hass, Christopher E. Heil, Maurice D. WeirPublisher:PEARSONCalculus: Early Transcendentals (3rd Edition)CalculusISBN:9780134763644Author:William L. Briggs, Lyle Cochran, Bernard Gillett, Eric SchulzPublisher:PEARSON
- Calculus: Early TranscendentalsCalculusISBN:9781319050740Author:Jon Rogawski, Colin Adams, Robert FranzosaPublisher:W. H. FreemanCalculus: Early Transcendental FunctionsCalculusISBN:9781337552516Author:Ron Larson, Bruce H. EdwardsPublisher:Cengage Learning