Find optimal number of shirts produced to minimize cost

Reference no: EM13245507

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 .
a. What is the total cost function?
b. Find the optimal number of shirts produced to minimize the cost function.

Reference no: EM13245507

Questions Cloud

Calculate the speed of a baseball : a baseball pitcher throws a fastball across home plate. the ball crosses the plate, calculate the speed of a baseball that takes .010 s to cross home plate, .30 m from front to back

Positive sales means positive net earnings : Positive sales means positive net earnings for any business, sales have no effect on net revenues and insufficient sales can lead to net losses for some businesses.

Provide support for your rationale : rite a four to five (4-5) page paper in which you: 1.Describe the business and explain the general pattern of change of the particular market model indicating how this change is likely to impact business operations.

Describe the momentum of the set of marbles : When one marble hit the end of the line of marbles, how many shot off the other end? Describe the momentum of the set of marbles before and after the collision

Find optimal number of shirts produced to minimize cost : 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 .

Give an example of an event or incident that has taken place : Give an example of an event or incident that has taken place in the U.S. economy which has a major economic impact--be specific, e.g., 9/11 attack,

What is the phase difference between the two waves : Two waves have the exact same frequency, wavelength, and amplitude. They are both travelling in the +x direction, What is the phase difference between the two waves.

Calculate the present value of the following cases : You counter the publisher's offer with a counter-offer that will pay you $1.5 million today plus $5 per book sold in each of the next three years.

Explain what element represents increasing marginal cost : Give a hypothetical/real world example of the MR=MC principle (Profit maximizing point). Explain what elements in example represents decreasing marginal revenue/benefit and what element represents increasing marginal cost.

User Account

All Pages