A Company Wants to Locate a New Warehouse to Minimize

question 11

Multiple Choice

A company wants to locate a new warehouse to minimize the distance traveled by its delivery trucks. It has four stores and their coordinates are listed in the accompanying spreadsheet. What formula goes in cell D9 of the spreadsheet?

• A) =MIN(D4:D7)^2
• B) =SUM(D4:D7)
• C) =SQRT(D4^2+D5^2+D6^2+D7^2)
• D) =SQRT(MMULT(B3:C3,D4:D7))

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Definitions:

Profit-Maximizing Output

The level of production at which a company can achieve the highest profit, where marginal revenue equals marginal cost.

Total Revenue

The total amount of money generated by the sale of goods or services related to the company's primary operations.

Market Price

The market price at which commodities or services are currently being traded.

Industry Short-Run Supply Curve

A curve that shows the quantity of a good that producers are willing and able to supply at different prices in the short term.