Business, 20.12.2019 04:31 ktprada

Amanufacturer of industrial sales has production capacity of 1,000 units per day. currently, the firm sells production capacity for $10 per unit. at this price, all production capacity gets booked about one week in advance. a group of customers have said that they would be willing to pay $15 per unit if capacity was available on the last day. about ten days in advance, demand for the high-price segment is normally distributed with a mean of 250 and a standard deviation of 100. how much production capacity should the manufacturer reserve for the last day

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Amanufacturer of industrial sales has production capacity of 1,000 units per day. currently, the fir...