A grain company wants to lease a fleet of 20 covered hopper railcars with a combined capacity

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A grain company wants to lease a fleet of 20 covered hopper railcars with a combined capacity of 108,000 cubic feet. Hoppers with three different carrying capacities are available: 3,000 cubic feet, 4,500 cubic feet, and 6,000 cubic feet.

(A) How many of each type of hopper should they lease?

(B) The monthly rates for leasing these hoppers are $180 for 3,000 cubic feet, $225 for 4,500 cubic feet, and $325 for 6,000 cubic feet. Which of the solutions in part (A) would minimize the monthly leasing costs?

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College Mathematics For Business Economics, Life Sciences, And Social Sciences

ISBN: 978-0134674148

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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