Math questions | Management homework help
- [–/1.25 Points] ASWMSCI15 2.E.031.DETAILS MY NOTES PRACTICE ANOTHER
10/31/24, 6:38 PM 407 Module 1: Quiz#1 - MNS407 Management Science, Fall 2024 | WebAssign https://www.webassign.net/web/Student/Assignment-Responses/last?dep=35936170 2/14 Find the optimal solution using the graphical solution procedure. What is the value of the objective function? Show My Work (Optional) at (A, B) = 10/31/24, 6:38 PM 407 Module 1: Quiz#1 - MNS407 Management Science, Fall 2024 | WebAssign https://www.webassign.net/web/Student/Assignment-Responses/last?dep=35936170 3/14 The O'Neill Shoe Manufacturing Company will produce a special-style shoe if the order size is large enough to provide a reasonable profit. For each special-style order, the company incurs a fixed cost of $3,300 for the production setup. The variable cost is $40 per pair, and each pair sells for $70. (a) Let x indicate the number of pairs of shoes produced. Develop a mathematical model for the total cost (C) of producing x pairs of shoes.
C =
(b) Let P indicate the total profit. Develop a mathematical model for the total profit realized from an order for x pairs of shoes.
P =
(c) How large must the shoe order be before O'Neill will break even? x = Show My Work (Optional)