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Motor The Kiddie Toy Company plans to lease an electric motor that will be used 80,000 horsepower-hours per year in manufacturing. One horsepower-hour is the
Motor The Kiddie Toy Company plans to lease an electric motor that will be used 80,000 horsepower-hours per year in manufacturing. One horsepower-hour is the work done in 1 hour by a I-horsepower motor. The annual cost to lease a suitable motor is $200, plus $0.40 per horsepower. The cost per horsepower-hour of operating the motor is $0.008/N, where N is the horsepower. What size motor, in horsepower, should be leased in order to minimize cost
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