Answer:
= 160 units
Step-by-step explanation:
Relevant data provided as the situation is below:-
Total available time = 480
Cycle time = 3
According to the given situation, the computation of the daily production rate is shown below:-
Daily production rate is
=
= 160 units
Therefore we have solve the daily production rate to reach the daily production rate.
Check the picture below, that's just an example of a parabola opening upwards.
so the cost equation C(b), which is a quadratic with a positive leading term's coefficient, has the graph of a parabola like the one in the picture, so the cost goes down and down and down, reaches the vertex or namely the minimum, and then goes back up.
bearing in mind that the quantity will be on the x-axis and the cost amount is over the y-axis, what are the coordinates of the vertex of this parabola? namely, at what cost for how many bats?
