Optimization Applications
Optimization ApplicationsÂ
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1. After an aggressive marketing campaign in the local community, Lumyn Electronics discovered that their cost can now be modeled by the equation: C(n) = 25n2 - 1,500n + 25,000, where n represents the number of TV remote controls sold in a particular month.
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a) How many TV remote controls must be sold in a month in order to minimize the company's cost?
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b) What is that minimum cost?
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1. Lumyn Electronics is currently renting their store space from Quality Holdings Corp.
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Quality Holdings owns a total of 250 commercial properties available for rent. The company's monthly profit, P, in dollars, is given by the equation
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P(n) = -8n2 + 3,200n – 80,000
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where n is the number of properties rented during a particular month.
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a) Would renting out all of the available properties maximize Quality Holdings’ profit?
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b) If not, what is the optimum number of properties that the company must have rented in order to maximize its profit?
Answers
Status NEW
Posted 21 Apr 2017 03:04 AM
My Price 9.00
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file 1492744478-Solutions file 2.docx preview (51 words )
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