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a) Consider the following linear program: Min 8x +12y s.t. 1x + 3y > or equal to 9 2x + 2y > or equal to 10 6x + 2y > or equal to18 A,B > or equal to 0 a) Use the graphical solution procedure to find the optimal solution.
b) Assume that the objective function coefficient for X changes from 8 to 6. Does the optimal solution change?Use the graphical solution procedure to find the new optimal solution.
c) Assume that the objective function coefficient for X remains 8, but the objective function coefficient for Y changes from12 to 6. Does the optimal solution change? Use the graphical solution procedure to find the new optimal solution.
Where Qx is the quantity demanded of Product X, Px is the price of X, Y is income, and r is the prime interest rate (given in decimals, e.g., 0.02 or 0.05) The standard error of each estimated coefficient is given in parentheses below it. Also, th..
Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor fo..
Starbucks just hired you to determine whether the city could support a new Starbucks coffee shop. There are currently four Starbucks coffee shops in the city, and each has just enough customers to survive.
Suppose the last five motels are "cut-rate" motels. Describe how you would select a random sample of three regular motels and two cut-rate motels. Three can be chosen from the first 20 motels in how many ways
Your utility if a function of income (i), given by: \(U = 10i\) as long as i is less than or equal to 300. If I is greater than 300, your utility is a constant equal to 3,000. Suppose you have a choice between having an income of 300 with c..
You have given the following data about the amount your firm can manufacture per day given the number of workers it hires.
The following statement was released through FOMC following recent meeting on March 21. The Group, although hopeful for a future of moderate growth with moderating inflation,
During his first year at school, Ximing buys eight new college textbooks at a cost of $50 each. Used books cost $30 each. When the bookstore announces a 20% price increase in new texts and a 10% increase in used texts for the next year, Ximings fa..
The intensive development effort needed to expedite the introduction can be very expensive. Revenues and costs associated with the new product
As a budding entrepreneur, you have purchased a small bakery. After some market research, you have estimated that your customers' willingness to pay for a donut/coffee combo falls into 9 categories ($2.75, $2.50, $2.25, $2.00, $1.75, $1.50, $1.25,..
Twenty-six observations are used to obtain the following regression results: DEPENDENT VARIABLE: LNY R-SQUARE F-RATIO P-VALUE ON F OBSERVATIONS: 26 0.3647 4.21 0.0170 VARIABLE PARAMETER STANDARD ESTIMATE ERROR T-RATIO P-VALUE INTERCEPT 2.9957 0.3545 ..
Evaluate the merit or otherwise of the above statement by commenting on the R2 values of the estimated CAPM regressions above.
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