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Copperfield Mining Company owns two mines, each of which produces three grades of ore—high, medium, and low. The company has a contract to supply a smelting company with at least 12 tons of high- grade ore, 8 tons of medium-grade ore, and 24 tons of low-grade ore. Each mine produces a certain amount of each type of ore during each hour that it operates. Mine 1 produces 6 tons of high-grade ore, 2 tons of medium-grade ore, and 4 tons of low-grade ore per hour. Mine 2 produces 2, 2, and 12 tons, respectively, of high-, medium-, and low grade ore per hour. It costs Copperfield $200 per hour to mine each ton of ore from mine 1, and it costs $160 per hour to mine each ton of ore from mine 2. The company wants to determine the number of hours it needs to operate each mine so that its contractual obligations can be met at the lowest cost.
Pauline has been selling 5,000 widgets per year for $8.50. When she raised the price to $9.50 she sold only 4,000 widgets. What is the elasticity of demand? If her marginal cost is $4 for each widget produced, what is her optimal markup and what is h..
Respond to this statement: The importance of the location decision is often vastly overrated the fact that virtually every type of business is located in every section of the country means there should be no problem in finding a suitable location.
The management of Maderira Manufacturing Company is considering the introduction of a new product. The fixed cost to begin the production of the product is 30,000.
The Global Supply Chain Management simulation demonstrated the challenge of deriving a useable demand forecast. Given these challenges, some might ask: “Why bother?” How can attempts to forecast demand help your supply chain meet customer needs even ..
What was the most complex project that you have been involved in? Give examples of the following as they pertain to the project: the work breakdown structure, tasks, subtask, and work package. Were you on the critical path? Did it have a good project..
Describe the ways in which database technologies could be used by an office
A mortgage paying 6 percent interest has a present value of $200,194.94 with monthly payments of $1,200 for the next 360 months. If the interest rates increase to 8 percent, what is the value of the mortgage? If interest rates decrease to 4 percent, ..
This week you learned about synthesis. For this week's assignment you will review the proposal you submitted in week 6 and utilizing the scholar-practitioner approach discussed in the lecture, update the proposal using synthesis. Ensure you cite y..
How does involving physicians in the strategic planning process help a hospital reach its goals of social responsibility? What role do physicians and the medical staff play in integrating critical analysis, ethical standards, administrative demands, ..
A coffee shop uses approximately 250 pounds of a particular type of coffee every week. The shop is open 52 weeks a year. The annual carrying charge for the coffee is 20%. If 1 pound of coffee costs the shop $12.00 and the cost associated with each or..
To a great extent, transportation project planning is described as a public activity where purely financial return is not the overriding benefit to be attained. In a 250-300 word response give the reasons why this activity is a major part of the publ..
The daily demand of an item is 1600 units. The average processing time is 25 seconds per unit. Containers (carrying 250 items) on the average wait for 6 hours before being processed. Currently 10 containers (Kanbans) are being used for this parts. Wh..
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