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In economics, the most economical quantity Q of goods (TVs, dresses, gallons of paint, etc.) for a store to order is given by Wilson's lot size formula Q = F(K, M, h) = /2KM/h where K is the cost of placing the order, M is the number of items sold per week, and h is the weekly holding cost for each item (the cost of storage space, utilities, taxes, security, etc.). Find f(250, 720, 1). f(250, 720, 1) = units Interpret your answer. O For the given numbers, the most economical order size is 600 units. O No matter the numbers, the most economical order size is 720 unit. O For the given numbers, the most economical order size is 720 units. O For the given numbers, the most economical order size is 250 units. O No matter the numbers, the most economical order size is 1 unit.

In economics, the most economical quantity Q of goods (TVs, dresses, gallons of paint, etc.) for a store to order is given by Wilson's lot size formula Q = F(K, M, h) = /2KM/h where K is the cost of placing the order, M is the number of items sold per week, and h is the weekly holding cost for each item (the cost of storage space, utilities, taxes, security, etc.). Find f(250, 720, 1). f(250, 720, 1) = units Interpret your answer. O For the given numbers, the most economical order size is 600 units. O No matter the numbers, the most economical order size is 720 unit. O For the given numbers, the most economical order size is 720 units. O For the given numbers, the most economical order size is 250 units. O No matter the numbers, the most economical order size is 1 unit.

Algebra for College Students
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Systems Of Equations
Section11.CT: Test
Problem 24CT
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In economics, the most economical quantity Q of goods (TVs, dresses, gallons of paint, etc.) for a store to order is given by Wilson's lot size formula Q = f(K, M, h) = V 2KM/h where K is the cost of placing the order, M is the number of items sold per week, and h is the weekly holding cost for each item (the cost of storage space, utilities, taxes, security, etc.). Find f(250, 720, 1). f(250, 720, 1) = units Interpret your answer. O For the given numbers, the most economical order size is 600 units. O No matter the numbers, the most economical order size is 720 unit. For the given numbers, the most economical order size is 720 units. For the given numbers, the most economical order size is 250 units. O No matter the numbers, the most economical order size is 1 unit.
Transcribed Image Text:In economics, the most economical quantity Q of goods (TVs, dresses, gallons of paint, etc.) for a store to order is given by Wilson's lot size formula Q = f(K, M, h) = V 2KM/h where K is the cost of placing the order, M is the number of items sold per week, and h is the weekly holding cost for each item (the cost of storage space, utilities, taxes, security, etc.). Find f(250, 720, 1). f(250, 720, 1) = units Interpret your answer. O For the given numbers, the most economical order size is 600 units. O No matter the numbers, the most economical order size is 720 unit. For the given numbers, the most economical order size is 720 units. For the given numbers, the most economical order size is 250 units. O No matter the numbers, the most economical order size is 1 unit.
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