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Calculate cost of shortage for demand for it-is-hot-outside

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Reference no: EM132770383

Problem 1: Demand for It-is-Hot-Outside fresh ice-cream is (continuous) uniform between 55 and 255 lbs. Profit on each pound of ice-cream is $16. This ice-cream is made in one batch at the begging of the day and any left-over ice cream at the end of the day will be discarded. It costs about $9 to prepare a pound of ice-cream. Calculate Cost of Shortage.

Select one:

a. $ 9
b. None of the above answers
c. $ 25
d. $16
e. $ 55
f. $ 7
g. $ 200

Reference no: EM132770383

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