Referring to the table in the attached table, consider that hiring a driver costs $10 while each machine costs $100. Which method should he use and why?
See attachment© BrainMass Inc. brainmass.com September 20, 2018, 8:50 am ad1c9bdddf - https://brainmass.com/business/business-management/cost-effective-optimization-decisions-594607
It is given that, hiring a driver costs $10 and each machine costs $100.The trucker needs to base his decision on the most cost efficient method.
The total cost corresponding ...
The solution illustrate the method of cost optimization for making decisions.