We are determining whether to invest in a t-shirt printing machine. The cost function per t-shirt is
Question: We are determining whether to invest in a t-shirt printing machine. The cost function per t-shirt is identified to be the following: y=ln(X+1). Fixed costs associated are a step function based on area needed. For each 1000 shirts, the cost associated with storage space is $1000 (z=1000X). Note:
The step function is as follows:
z(x) = 1000 for x from 1 to 1000
=2000 for x from 1001 to 2000
=3000 for x from 2001 to 3000
a. What is the total cost function?
b. Find the optimal number of shirts produced to minimize the cost function.
Price: $2.99
Solution: The solution consists of 3 pages
Deliverables: Word Document
Deliverables: Word Document
