Glorious Gadgets is a retailer of astronomy equipment. They purchase equipment from a supplier and then sell it to customers in their store. The function
Glorious Gadgets is a retailer of astronomy equipment. They purchase equipment from a supplier and then sell it to customers in their store. The function Cxxx models their total inventory costs in dollars as a function of x the lot size for each of their orders from the supplier. The inventory costs include such things as purchasing, processing, shipping, and storing the equipment.
What lot size should Glorious Gadgets order to minimize their total inventory costs? NOTE: your answer must be the whole number that corresponds to the lowest cost.
