Your company just won a bid to provide 700000 electronic components to IBM, but IBM is in a hurry. For every working day that goes by, the contract decreases in value by $500. It costs $300 to train each worker you use to assemble components and a well-trained worker can produce 15 components per day. a. Write a formula for the total reduction in value of the contract (including paying for workers) after t days.
b. How many workers should you use and how long will you take to fulfill the contract?
c. What must the initial value of the contract be in order for it to be at least break even for your company after the optimal number of days?