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Mathematics, 01.11.2019 07:31 jellyangie1
Foggy optics, inc., makes laboratory microscopes. setting up each production run costs $2500. insurance costs, based on the average number of micro- scopes in the warehouse, amount to $20 per microscope per year. storage costs, based on the maximum number of microscopes in the warehouse, amount to $15 per microscope per year. if the company expects to sell 1600 microscopes at a fairly uniform rate throughout the year, determine the number of production runs that will mini- mize the company’s overall expenses.
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Foggy optics, inc., makes laboratory microscopes. setting up each production run costs $2500. insura...
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