How many copying machines should be rented to minimize cost

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The manager of a large group of employees must decideif she needs another copying machine. The cost of a machine is$375 per 8-hour day whether or not the machine is in use.

Anaverage of 16 people per hour need to use the copying machine.Each person uses the copier for an average of 3 minutes. Theemployee cost is $35 per hour, and we assume that a waitingcost is incurred when a worker is waiting in line.

How many copying machines should be rented to minimize cost?

Reference no: EM131857098

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