Business, 13.08.2021 04:20 Nicoleazaria
Wholemark is an Internet order business that sells one popular New Year's greeting card once a year. The cost of the paper on which the card is printed is $0.95 per card, and the cost of printing is $0.40 per card. The company receives $4.10 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Its customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with a mean of 5,100 and a standard deviation 515.
Required:
What is the optimal production quantity for the card?
Answers: 2
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Wholemark is an Internet order business that sells one popular New Year's greeting card once a year....
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