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Greetings tutor, I need help with these four questions. Thank you 1. You have an idea. To cut down on storage costs you will print
Greetings tutor, I need help with these four questions. Thank you
1. You have an idea. To cut down on storage costs you will print the book in two print runs of 600,000 each, as shown in the figure below. 600,000 500,000 Average 400,000 number Books in stock in stock 300,000 200,000 100,000 O 0 1 2 3 4 5 6 7 8 9 10 11 12 Month A) What are the setup costs for two print runs? B) What are the production costs? C) What are the storage costs? D) What is the total cost for the year?3. Recreate the table below in your write-up. Fill in the missing entries in the table below. One or more of the missing entries will be expressions involving the variable, X. Cost Category Information Total for in dollars Setup Costs x print runs @ $5,000 per run Production Costs 1,200,000 books @ $1 per book Average Number of 1,200,000/x/2 = books in Stock per month 1,200,000/(2x) Average number of Storage Costs books in stock per month @ 14 per month for 12 months Now add up the totals in the right-most column and thus create the total yearly cost function, C(x): C(x) = (Fill in)4. Check your cost function. Fill in the missing entries in the table below. Including your work In Problem #2 above. Recreate the table below In your exam write-up. If your cost function is correct, you should get the values in the table for x = 1, 2, and 12 (result from Problem #2). - s 1 277 000 .- $ 1 246 000 5. Compute the derlvetlve of your cost functionStep by Step Solution
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