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1. Analyze the given graph of a linear programming model with a single constraint and the objective function:
Use the information given in the graph to answer the following questions:
a. Maximize Z = 30x1 + 50x2.
b. Determine the optimal solution point.
c. Determine the values by which the constraints c1 and c2 must decrease or increase in order to change the current solution point shown in the graph to the other extreme point.
In the numerical example given in the text, the inverse demand function for the delectable resource is P = 8 - 0.4q and the marginal cost of supplying it is $4.
Identify some of the cost s associated with the antitrust behavior. Note the specific antitrust acts under which the violation was investigated
Both industrial unions and craft unions attempt to raise their members' wages, but each goes about it differently. Explain the diffeence in approaches and describe the impact these differences have on excess quantity of labor supplied.
suppose that an oligopolistically competitive restaurant is currently serving 260 meals per day the output where mr
Explain how the accountant and economist view cost
During the energy crisis of the 1970s, and again in the last 5 years, Congress bemoaned the "price gouging" and "windfall" profits of the major oil companies. In the 1970s Congress imposed an "excess profits tax" on these co..
In 2000, the Federal Reserve took policy measure to slow down economy. this decision generated some controversy since the actual inflation rate was below 3%. Justify the Fed's move. in this regard, where did they think the actual level of US real GDP..
Suppose you collected data on the average number of text messages sent per month by 300 randomly selected teenagers over 2009 and 2010 and found the sample meanwa
Suppose two types of consumers buy suits. Consumers of type A will pay $100 for a coat and $50 for pants. Consumers of type B will pay $75 for a coat and $75 for pants. The firm selling suits faces no competition and has a marginal cost of zero.
In each of the following cases, either a recessionary orinflationary gap exists. Assume that the aggregate supply curve ishorizontal so that the change in real GDP arising from a shift ofthe aggregate demand curve equals the size
What could you do to help employees understand the value of excellent customer service - who are your external customers and what are their specific needs?
Impact HMO economic and business performance - example of an HMO with these types of set rates in order to support your response.
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