Joey has entered the turkey sales business.
Suppose that we are simulating the sales of turkeys at Joey’s store in the market.
Joey starts off with 15 turkeys. The daily demand for turkeys for the next 5 days is as follows: 5 8 2 5 2
Each turkey costs him $5, and he can sell the turkey for $15. It costs Joey $1 to store each turkey overnight
(i.e., if it wasn’t sold day). If, at the end of a particular day, the owner has less than 8 turkeys in stock, he
places an order to bring the inventory level back up to 15 the next morning. (He gets the turkey the first thing
in the morning before any customers arrive.)
Answer the following questions:
a. What is total profit (or loss) for this five-days period?
b. How many turkeys are left at the end of the last day?