Question
30. You are in charge of ordering programs for the Toronto Maple Leaf games. Because they are specific to an opponent, any leftover programs you
30. You are in charge of ordering programs for the Toronto Maple Leaf games. Because they are specific to an opponent, any leftover programs you have are recycled. Demand for programs is uniformly distributed from 3500 to 7000. The programs cost you $2.5 to print and you sell them for $7.0. How many programs should you order each game to maximize expected profits over time? Answer to the nearest whole number.
Consider your answer in Question 30. If you could get $0.50 for unused Programs from a memorabilia company, what would happen to your optimal order?
Question 30 options:
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stay the same.
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go up.
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go down.
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it depends on the distribution of demand.
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