Require help for this math question:

January 21st, 2020

Your friend has a fabulous recipe for salsa, and he wants to start packing it up and selling it. He can rent the back room of a local restaurant any time he wants, complete with their equipment, for $100 per time. It costs him $2 a jar for the materials (ingredients for the salsa, jars, labels, cartons) and labor (you and a couple of friends of his) for each jar he makes. He can sell 12,000 jars of salsa each year (I told you it was a fabulous recipe!), with a constant demand (that is, it’s not seasonal; it doesn’t vary from week to week or month to month). It costs him $1 a year per jar to store the salsa in the warehouse he ships from. He wants to find the number of jars he should produce in each run in order to minimize his production and storage costs, assuming he’ll produce 12,000 jars of salsa each year. Post your suggestions on how would you help him figure this out.
Hint: Total cost is cost of production + cost of storage
Cost of production is run cost + cost of salsa
Storage cost is (how many items?) times the cost per item.
The trick here is to come up with how many items are in storage at any one time. If x is the number of salsa jars per run, can you write an expression for the number in storage in terms of x? Would you store as many as you have in one run? No, because this would mean you are not selling any salsa between runs. But you might start off with x in storage and then as you sell salsa x decreases until you are out and it is time to make another run. So make an assumption and estimate the average number of jars in storage at any one time in terms of x.
If you get this far write an equation for the total cost for a whole year�s worth of salsa.
Answer #1
Do it urself
Answer #2
oh, sorry imma too lazy too read that problem
Answer #3
Post your suggestions on how would you help him figure this out.
hire an accountant
Answer #4
This topic has been posted in the wrong section.
Moving.
Answer #5
Do it urself
You are so mean man
Answer #6
i am resitting my decision 1 exam in a couple of weeks and it said find a way of minimising production it sounds just like decision which i dont wanna think about lol
Answer #7

W3RD wrote: Select all

Post your suggestions on how would you help him figure this out.
hire an accountant
As a student, I dont think I can manage to pull out any money for a an accountant.
Answer #8
which subject/topic is that problem from?
it doesn’t appear a simple maxima/minima problem of calculus cause not much information is given . i.e. how much jars can be stored at any given time (for e.g. in a day or week and long one batch of salsa can be stored)
you can always use assumptions but the result will only be true to that assumption i.e. particular solution
Answer #9
This sounds like Algebra 2. What you need to do is start writing stuff down on a piece of paper.
Note, that these are suggestions, and I don’t know how to solve the problem. With time; however, I can do it.
We know that it will cost him 36,000 constantly per year:
2*12000 Jars = $24000
1*12000 Jars = $12000
Add them: $36000
Now you know that you’ll spend $100 for renting the restaurant. You need to figure out a reasonable amount of days that he will rent the restaurant to make the salsa. Obviously, he won’t be making 12,000 jars of salsa in one night.
What this looks like to me is constructing linear equations to form some sort of polygons, and finding the coordinate of the best value under the limits of slope of the lines.

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