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An appliance manufacturer produces two models of microwave ovens: H and W. Both models require fabrication and assembly work; each H uses four hours of fabrication and two hours of assembly, and each W uses two hours of fabrication and six hours of assembly. There are 600 fabrication hours available this week and 480 hours of assembly. Each H contributes $40 to profits, each W contributes $30 to profits. What quantities of H and W will maximize profits?
1) Formulate a linear programming model for this problem.
2) Solve the problem using Isoprofit Line Method or Corner Point Method or Excel’s Solver (please attach the Excel file of your solution output if you choose Excel’s Solver).
In the early 1970s, the six largest manufacturers of ready-to-eat breakfast cereals shared 95 percent of the market. Over the proceeding 20 years, these manufacturers introduced over 80 new varieties of cereals. How would you evaluate this strategy f..
q. assume the united states exports 2000 computers at a cost of 3000 each and imports 200 uk autos at a cost of
q. forey inc. competes against many other firms in a highly competitive business. over the last decade several firms
Assume the firm does enter the market and that, over time, increasing competition causes the price of telephones to fall to $35. Under these circumstances, what would be the firms optimal output, price and profit (or loss).
Suppose that workers can be hired competitively at a wage of $200. Explain how many workers will they hire at this wage.
If the number of trucks (K) decreases by 10% next year, how much will output (Q) decrease? What type of returns to scale is consistent with the above production function?
Unemployment is a more serious economic problem than inflation and it should be the focus of the Fed’s monetary policy.” Evaluate this statement and explain why the Fed’s primary policy goal is price stability.
GDP is significantly lower in your country than in the United States, Illustrate what might this imply.
Consider a rancher-farmer economy. Assume that the rancher has no choice over how many cows to raise but either the farmer or the rancher (or both) can build a fence to eliminate the crop damage of $150. However, the costs of installing the fence are..
If oligopolists compete hard against each other.
Illustrate what is the most money you can make on this position. Elucidate how far can the stock price move in either direction before you lose money.
q1. suppose that there are two products soda along with clothing. both brazil and the united states produce each
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