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Unformatted text preview: The fourth side is a picket fence that costs $24 per linear foot. Find the dimensions of the garden such that the cost of materials is minimized. (3) A distributor expects to sell 490 cases of fresh Florida orange juice during the coming season. Assume that sales are at a steady rate throughout the season. Carrying costs, based on the average number of cases in stock, amount to $200 per case per season. The costs for placing an order with the producer is $1000 per order. Determine the economic order quantity, that is, the order quantity that minimizes the inventory cost for the season....
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- Spring '08