A company has received an order from the city recreation department to manufacture 8,000 Styrofoam kickboards for
Question:
A company has received an order from the city recreation department to manufacture 8,000 Styrofoam kickboards for its summer swimming program. The company owns several machines, each of which can produce 30 kickboards an hour. The cost of setting up the machines to produce these particular kickboards is $20 per machine. Once the machines have been set up, the operation is fully automated and can be overseen by a single production supervisor earning $19.20 per hour. Express the cost of producing the 8,000 kickboards as a function of the number of machines used, draw the graph, and estimate the number of machines the company should use to minimize cost.
Step by Step Answer:
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price