Glorious Gadgets is a retailer of astronomy equipment. They purchase equipment from a supplier and then sell it to customers in their store. The function C(x) = 4x + 3000x-1 inventory costs (in dollars) as a function of x the lot size for each of their orders from the supplier. The inventory costs include such things as purchasing, processing, shipping, and storing the equipment. + 2000 models their total What lot size should Glorious Gadgets order to minimize their total inventory costs? (NOTE: your answer must be the whole number that corresponds to the lowest cost.) What is their minimum total inventory cost? $
Glorious Gadgets is a retailer of astronomy equipment. They purchase equipment from a supplier and then sell it to customers in their store. The function C(x) = 4x + 3000x-1 inventory costs (in dollars) as a function of x the lot size for each of their orders from the supplier. The inventory costs include such things as purchasing, processing, shipping, and storing the equipment. + 2000 models their total What lot size should Glorious Gadgets order to minimize their total inventory costs? (NOTE: your answer must be the whole number that corresponds to the lowest cost.) What is their minimum total inventory cost? $
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.CR: Chapter Review
Problem 16E: Digital cameras A company that produces and sells digital cameras has determined that the total...
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Transcribed Image Text:Glorious Gadgets is a retailer of astronomy equipment.
They purchase equipment from a supplier and then sell it
to customers in their store. The function
C(x) = 4x + 3000x- + 2000 models their total
inventory costs (in dollars) as a function of x the lot size
for each of their orders from the supplier. The inventory
costs include such things as purchasing, processing,
shipping, and storing the equipment.
What lot size should Glorious Gadgets order to minimize
their total inventory costs? (NOTE: your answer must be
the whole number that corresponds to the lowest cost.)
What is their minimum total inventory cost? $
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