Question linear programmingcomplete the linear programming

Assignment Help Microeconomics
Reference no: EM13375691

Question

Linear Programming

Complete the linear programming matrix at the end of the question with the appropriate coefficients and signs for the following information

Labour 

Requirements               steers         ewes        lambs       oats           turnips           barleys           millet           

Winter (hrs)              1.22           0.20        0.12       0.30          0.10           1.00              0.70

Spring (hrs)               1.20           0.30        0.15       0.20          0.30           0.80              1.10

Summer (hrs)            1.12           0.20        0.13       0.30          1.30           1.30              1.50

Autumn (hrs)            1.14           0.40                      0.30         0.20           0.20              0.20

 

 

Feed demand                                  steers                              ewes                                lambs

Winter (kg)                            900                              192                             36

Spring (kg)                             800                              190                             57

Summer (kg)                          830                              190                             95

Autumn (kg)                          790                              200

 

Feed supply                   oats                      turnips                   barley                     millet

Winter (kg)                    840                       110                        460

Spring (kg)                                                 280                        580                         500

Summer (kg)                                               675                        175                         2700

Autumn (kg)                  470                      163

 

Gross margins      steers         ewes        lambs        oats         turnips       barley          millet

$                           74.05           23.20    54.32         -43.45      -48.36        -39.60          -36.74

The manager has 800 hours of family labour available in summer, autumn and winter; however, in spring only 750 hours is available. In the district casual labour is worth $14 per hour.

  Tasks

1.Fill in the tableau with the values from the above information: be sure to include the correct signs, gross margins and supply values. You are not required to complete a demand column.

2.Complete the constraints for a 2-year crop rotation between oats and barley in the homestead paddock (300 ha).

3.Complete the constraint for turnip and millet production in the South Hill paddock (200ha).

4.Complete the constraint for a maximum of 40 steers.

5.Complete the constraint for a 75 per cent lambing ratio.

6.Complete the constraint for a minimum 200 head of sheep.

7.Show how a maximum of 5 tonnes of feed wheat could be made available in winter at $160 per tonne.

Reference no: EM13375691

Questions Cloud

Now assume that the cigarette industry is perfectly : now assume that the cigarette industry is perfectly competitive and that cigarettes are identical. we also assume that
Create a demand schedule and a supply schedule for your : create a demand schedule and a supply schedule for your product.using these schedules draw a demand curve and a supply
1 for figure demand with zero transactions costs is q1d 50 : 1. for figure demand with zero transactions costs is q1d 50 - p and supply is qs -7 2p.a. verify all of the prices
Question cash flow budgetingusing the following information : question cash flow budgetingusing the following information complete the cash flow budget for the months of january
Question linear programmingcomplete the linear programming : question linear programmingcomplete the linear programming matrix at the end of the question with the appropriate
Question 1place your answers in the table provided at the : question 1.place your answers in the table provided at the end of the question1. use the following table to produce a
Questionplace your answers in the table provided at the end : questionplace your answers in the table provided at the end of the questiona farmer expects to have three activities on
Question 1complete the table below for a feed price of 380 : question 1.complete the table below for a feed price of 380 per tonne and a weaner price of 1.10 per kilogram. indicate
Produce a gross margin budget using the following : produce a gross margin budget using the following information. the farm has 105 cows in a steady state herd however a

Reviews

Write a Review

Microeconomics Questions & Answers

  Evaluate the change in deadweight loss

Calculate the change in deadweight loss if the U.S. replaces a prohibitive tariff per unit on imported wine by an equal production subsidy per unit of wine sold by U.S. producers.

  The cost of producing pastries and sandwiches in northland

The table lists the maximum feasible hourly rates of the production of pastries if no sandwiches are produced and the maximum feasible hourly rates of the production of sandwiches if no pastries are produced.

  Determine macroeconomic policy

Kenya is a state that is a part of the African Nation. Talk about the exchange rates and their money supply. Also write about whether or not Kenya has a promising future.

  Calculate price elasticity of demand for coffee

Calculate the (arc) price elasticity of demand for coffee and based on your answer, is the demand for coffee elastic or inelastic?

  Would a lump sum subsidy achieve the governments goal

Assume that a profit maximizing monopolist faces an inverse demand function given by p(), and a total cost given by c(y). Suppose the government wishes to combat the undesirable allocational effects of a monopoly

  Compare and contrast the demand curve for public goods and

Compare and contrast the demand curve for public goods and the demand curve for a private good. Evaluate the impact of the current trend toward the expansion of government services.

  What price will we observe in m2 and m3

Consider three markets: M1, M2, and M3. There are features of these markets that the Department of Justice observes and features the Department of Justice does not observe. The DOJ observes that M1, M2, and M3 have one

  Show that the two utility functions given below generate

Which of the following utility functions are consistent with convex indifference curves and which are not?

  How many workers should the firm hire each hour

A firm faces a perfectly elastic demand for its output at a price of $6 per unit of output and each hour of labor produces five units of output. For L number of workers hired each hour and w hourly wage rate, the firm faces an upward- sloped labor..

  Aggregate demand for goods and services

The Aggregate Demand for goods and services in an economy must at every moment equal the value of Real Gross Domestic Product because both are defined to be the sum of (C+I+G+X-IM).

  How full time inspector verify quality of each unit products

Although the company does not have the resources needed to supervise the workers, a full time inspector verifies the quality of each unit produced before a worker is paid for his or her output.

  What will happen to the quality and future availability

What is the difference between a price ceiling and a price floor? What will happen if a price ceiling is imposed below the market equilibrium? If a price ceiling for a good is set below the market equilibrium

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd