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A shipper has three options to send an expensive cargo worth $35,000 across the pacific and the holding cost for the same is $730 per year. Firstly, opting for a slow cargo ship with a freight cost of $50 will take 2 months. Secondly, choose to send it via a fast ship but the freight cost gone up to $100 and the cargo delivered within a month. Lastly, the shipper can opt for the air transit for $150 and get it delivered within a week. Given this

A shipper has three options to send an expensive cargo worth $35,000 across the pacific and the holding cost for the same is $730 per year. Firstly, opting for a slow cargo ship with a freight cost of $50 will take 2 months. Secondly, choose to send it via a fast ship but the freight cost gone up to $100 and the cargo delivered within a month. Lastly, the shipper can opt for the air transit for $150 and get it delivered within a week. Given this

Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 26EQ
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A shipper has three options to send an expensive cargo worth $35,000 across the pacific and the holding cost for the same is $730 per year. Firstly, opting for a slow cargo ship with a freight cost of $50 will take 2 months. Secondly, choose to send it via a fast ship but the freight cost gone up to $100 and the cargo delivered within a month. Lastly, the shipper can opt for the air transit for $150 and get it delivered within a week. Given this situation, which option the shipper should choose to opt for?
Transcribed Image Text:A shipper has three options to send an expensive cargo worth $35,000 across the pacific and the holding cost for the same is $730 per year. Firstly, opting for a slow cargo ship with a freight cost of $50 will take 2 months. Secondly, choose to send it via a fast ship but the freight cost gone up to $100 and the cargo delivered within a month. Lastly, the shipper can opt for the air transit for $150 and get it delivered within a week. Given this situation, which option the shipper should choose to opt for?
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