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A small grocery store sells fresh produce that it obtains daily from a local farmer. During the strawberry season, demand for fresh strawberries can be
A small grocery store sells fresh produce that it obtains daily from a local farmer. During the strawberry season, demand for fresh strawberries can be reasonably approximated using a normal distribution with a mean of quarts per day and a standard deviation of quarts per day. The marginal cost of fresh strawberries is $ per quart. The grocer determines that the optimal order quantity is quarts per day.
What is the marginal benefit ie cost of shortage at the optimal order quantity? Please provide your answer in decimal format to two decimal places and without the dollar sign eg
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