A publisher prints copies of a popular weekly tabloid for distribution and sale. The fixed costs are $500 per print run, with each copy printed costing an additional $0.40. If C(q) is the cost function (in $) of the price of the print run as a function of copies printed, what is the formula for C(q)? Select one: a. C(q) = 500 + 0.4q b. C(q) = 500q + 0.4 c. C(q) = (500 + 0.4)q d. C(q) = 500 - 0.4q e. C(q) = 500q - 0.4

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter9: Decision Making Under Uncertainty
Section9.5: Multistage Decision Problems
Problem 17P
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4. A publisher prints copies of a popular weekly tabloid for distribution and sale. The fixed costs are $500 per print run, with each copy printed costing an additional $0.40. If C(q) is the cost function (in $) of the price of the print run as a function of copies printed, what is the formula for C(q)?

Select one:

a.

C(q) = 500 + 0.4q

b.

C(q) = 500q + 0.4

c.

C(q) = (500 + 0.4)q

d.

C(q) = 500 - 0.4q

e.

C(q) = 500q - 0.4

5. 

A hot dog vendor sells an average of 50 hot dogs during a Little League baseball game. If the sales are Normally distributed with a standard deviation of 7 hot dogs, what is the probability the vendor will sell between 45 and 65 hot dogs?

Select one:
a.

74.50%

b.

92.36%

c.

99.78%

d.

174.50%

e.

2.14

f.

-0.71

g.

0.71

 
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ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,