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Question #7 - A company sells 60 units a year. The profit function for X units is P(x)=-006x-0.2x +900x-1200. (2 points) A) What is
Question #7 - A company sells 60 units a year. The profit function for "X" units is P(x)=-006x-0.2x +900x-1200. (2 points) A) What is the marginal profit from raising the sales goal at 60 units? B) Is it a good idea to raise the sales goal from 60 to 61? Why? Question #8 - A retail outlet sells 2000 pairs of pants a year. It costs $2 to store a pair of pants per year. Each reorder costs $15, plus an additional $4 per pair of pants. How many times per year should the store order pants and in what lot size to minimize inventory costs? (2.5 points)
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