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A gardener requires fertilizer to have a minimum of 80 units of nitrogen,15 units of potassium and 10 units of iron. Two fertilizer mixes are available.Brand X contains 20, 2 and 1 units of the minerals,while Brand Y contains 4, 1, 2 units of the minerals respectively.Brand X costs $18 per kg while Brand Y costs 6 per kg.(a) Write down the inequality constraints and the equation of the cost function.(b) Graph the inequality constraints, Hence determine the number of Kg of each brand which provide the minimum mineral requirements at minimum cost.(c) Confirm your answer in (b) algebraically.
Explain how can each of the 10 principles be applied in an example or experience with which you are familiar. How do you intend to use your newfound knowledge in future economic decisions.
The price of twinkies fell from 0.80 to 0.70.As a result,the quantity demanded of Ho-Ho's decrease from 120 to 100. Illustrate what would be the appropriate elasticity to compute. compute this elasticity.
Here is a "dynamic technology" question - When it comes to automobile production it is an accepted fact that American automakers did not readily adopt and use Asian and European technologies in the production of cars. The result was a loss of global ..
Explain why study pure competition if actual purely competitive markets do not exist? What can we learn from highly competitive markets. Briefly discuss.
Assume that over the last twenty-five years a country's nominal GDP grew to three times its former size.
Neither firm can choose which cell of the payoff matrix to obtain; the payoff for every firm depends upon the pricing strategies of both firms.
Compute the monthly payment and explain whether taking this loan is a smart business decision.
If the demand for gold residue high explain what would happen to the price in excess of time.
Managerial economics and should include other criteria such as social responsibility and ethics. Remember to cite your authority and be careful not to plaigerize.
illustrate what can you determine about the market for wheat.
If you turn this measure of cost around, illustrate what is the prospect cost of cheese in liters of milk per gram of cheese.
the student has decided to save money in equal monthly amounts for 48 months and then pay cash. If the student earns 0.75% per month interest on the money she saves, how much money is the monthly savings?
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