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Wholemark is an Internet order business that sells one popular New Year's greeting card once a year. The cost of the paper on which the
Wholemark is an Internet order business that sells one popular New Year's greeting card once a year. The cost of the paper on which the card is printed is $ per card, and the cost of printing is $ per card. The company receives $ per card sold. Because the cards have the current year printed on them, unsold cards have no salvage value. Its customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with a mean of and a standard deviation of Assume these four are independent. What is the optimal production quantity for the card?
Wholemark is an Internet order business that sells one popular New Year's greeting card once a year. The cost of the paper on which the card is printed is $ per card, and the cost of printing is $ per card. The company receives $ per card sold. Because the cards have the current year printed on them, unsold cards have no salvage value. Its customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with a mean of and a standard deviation of Assume these four are independent.
What is the optimal production quantity for the card?
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