Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A warehouse storage company must determine how many storage sheds of each size- large or small- to build in its new 8000 square foot facility to maximize rental income. Each large shed is 150 square feet in size, requires $1 per week in advertising, and rents for $50 per week. Each small shed is 50 square feet in size, requires $1 per week in advertising, and rents for $20 a week. The company has a weekly advertising budget of $100 and estimates that it can rent no more than 40 sheds in any given week.
1) Formulate the LP problem. Must show work.
2) Provide the graphical solution to this problem following the procedure discussed in class. Must show work.
3) At the optimal solution, which constraint is not binding, what is the value of the slack? Provide an economic interpretation of the slack value. Must show work.
4) Suppose the large size shed can be rented for $60 per week, what is the new object function, and new optimal solution(s)? Must show work.
Last month, Rick's Bike Shop, Inc. increased the price on the 22-ounce can of Camp A bearing grease by 2.5 percent. In response, sales dropped by 10 percent. A) Calculate the point price elasticity of demand for Camp A bearing grease.
If the current budget shows a deficit, what would an increase in taxes do to it?
What are the consequences of imposing a tax on oil at the same rate in both periods?
Pure Plastics Inc. manufacture molded plastic pieces. A sample of their raw material inventory is shown in the table below. How would the plant classify these items according to an ABC classification system.
If someone says, "You'd have to pay me to eat one more bite," what do we know about that person's marginal utility? What do we know about that person's total utility?
If the industry is regulated in a way that requires it to set P = AC, how much will be sold and what will the price be c) If the industry is regulated in a way that requires it to set P = MC, how much will be sold and what will the price be
two individuals chip and holly are stranded on an island. the island has plenty of vegetation. chip and holly can spend
Compare the forecast accuracy of at least two alternative forecasting methods.
Characterize the cross-country differences in income per capita in this world economy. What is the effect of a 10% difference in discount factor (e.g., a difference between a discount rate of 0.02 versus 0.022) on steady-state per capita income di..
Quagmire Corporation wants to set up a manufacturing plant to last for 20 years. Initial costs at year 0 are $18,000 for the building and $31,000 for the equipment. At year 10 there will be a major machinery overhaul
Describes how the capital and labor inputs are transformed into output - The capital evolution equation - shows that net additions to K arise when investment exceed capital depreciation.
Why might this legislation increase aggregate surplus? Why might it lower it?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd