Use the appropriate command on a graphing utility to find the daily production level (to the nearest integer) at which the avera
ge cost per player is a minimum. What is the minimum average cost (to the nearest cent)?
2 answers:
Answer:
39: $182.46
Explanation:
In this problem, the daily production level at the lowest average cost per player and the average cost (in $) can be estimated by considering the graph (average cost (y) against production level (x)) in the previous question. By drawing the graph up to scale, it can be deduced from the graph that the lowest average cost is approximately $182.46 and the production level at that point is 39.
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Answer:
According to Given Data
$1,444
According to attached question
C.$4,181
Explanation:
Options are inconsistent with the data provided.
Net present value is the Net value all cash inflows and outflows in present value term. All the cash flows are discounted using a required rate of return.
Ne t present value of the machine is $1,444
Options are inconsistent with the data provided.
Workings are made in an MS Excel file, which is attached with this answer.
Original Question is attached with this answer, please find it.
According to correct data
Ne t present value of the machine is $4,181
Answer:
(Q, R) = (1555, 1400)
shortage imputed = $0.388
Explanation:
Lot size-reorder point system is one of the multi period models. This system is denoted by decision variables (Q, R). This multi period model is implemented when there is uncertain demand in inventory control.
nevertheless, in the simple EOQ model, demand is known and fixed. But when the demand is random, these lot size-reorder point (Q, R) systems allow random demand.
There are two decision variables in a (Q, R) system:
Order quantity, Q and
Reorder point, R
Additional steps are attached as files
