(Solved) Each machine at a certain factory can produce 90 units per hour.

Each machine at a certain factory can produce 90 units per hour. The setup cost is 45 dollars for each machine and the operating cost is 11 dollars per hour (total, not 11 dollars per machine per hour). You would like to know how many machines should be used to produce 40000 units, with the goal of minimizing production costs.

First, find a formula for the total cost in terms of the number of machines,Â n:

TC=?

The minimum total cost is achieved when usingÂ ? machines for a total cost ofÂ ?

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This question was answered on: Sep 05, 2019

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Sep 05, 2019

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