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Cost Optimization

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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?

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The solution illustrate the method of cost optimization for making decisions.

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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 ...

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