Susanna nanna is the production manager for a furniture

Assignment Help Econometrics
Reference no: EM13379861

Susanna Nanna is the production manager for a furniture manufacturing company. The company produces tables (X) and chairs (Y). Each table generates a profit of $80 and requires 3 hours of assembly time and 4 hours of finishing time. Each chair generates $50 of profit and requires 3 hours of assembly time and 2 hours of finishing time. There are 360 hours of assembly time and 240 hours of finishing time available each month.The following linear programming problem represents this situation.

The optimal solution is X=0, and Y=120

A)What would the maximum possible profit be?

B)How many house of assembly time would be used to maximize profit?

C)If a new constraint, 2X+2Y<400, were added, what would happen to the maximum possible profit?

Reference no: EM13379861

Questions Cloud

Your son is graduating from high school and is about to : your son is graduating from high school and is about to enter the work force. he has developed a strong curiosity
1the table below shows the probability that a mother in a : 1.the table below shows the probability that a mother in a given part of the income distribution given by the row will
S90 116 1991 105 1992 : sales 1990 116 1991 105 1992 29 1993 59 1994 1081995
Play the social security game to solve the social security : play the social security game to solve the social security problem. detail your choices noting the whys of your choices
Susanna nanna is the production manager for a furniture : susanna nanna is the production manager for a furniture manufacturing company. the company produces tables x and chairs
The stayanight discount motel chain is considering a : the stayanight discount motel chain is considering a proposal to build a new motel that would have 150 rooms.revenues
Suppose that you are hired as consultant to a firm : suppose that you are hired as consultant to a firm producing a therapeutic drug protected by a patent that gives a firm
Jimmy ltd is a retailer of car batteries jimmy ltd was : jimmy ltd is a retailer of car batteries. jimmy ltd was facing its first loss since listing on the asx five years ago
Prepare at least fifteen 15 ms powerpoint slides and use : prepare at least fifteen 15 ms powerpoint slides and use for this part of your presentation. this will need to be

Reviews

Write a Review

Econometrics Questions & Answers

  Why the demand deposits on the liabilities side

demand deposits on the liabilities side of its balance sheet. Assets Liabilities Reserves $36,000 Demand Deposits $300,000 Loans If the legal reserve requirement is only 5%, the balance sheet above shows that the bank holds

  What will be the effect of the immigration on wages

An economy consists of two regions, the North and the South. The short-run elasticity of labor demand in each region is -0.5. Labor supply is perfectly inelastic within both regions. The labor market is initially in an economywide equilibrium

  Explain how to eliminate the inflationary gap

Income is currently 600,000 unemployment is 5 percent, and there are signs of coming inflation. You rely on ur research assistant for specific numbers. He tells you that potential income is 564,000 and the mpe is .5. a)The government wants to elim..

  Aggregate labor market for bampb professionalsyafklfor 1

aggregate labor market for bampb professionalsyafklfor 1 amp 2 find equilibrium wage equilibrium nd equilibrium ns1.

  Which firms are producing and what is the equilibrium price

A competitive industry consists of 6 type A firms and 4 type B firms . Each firm of type A operates with the supply curve \(Q^{Supply}_{A} = ^{^{-} 10+ P, when P > 10}_{0, when P

  Compute the amount of goodwill of giant bakery

Elizabeth Pie Company has been in business for 50 years and has developed a large group of loyal restaurant customers. Giant Bakery Inc. has made an offer to buy Elizabeth Pie Company for $5,000,000. The book value of Elizabeth Pie's recorded asse..

  What is the multiplier for government spending

Consider a closed economy to which the Keynesian-cross analysis applies. Consumption is given by the equation C = 200 + 2/3(Y - T). Planned investment is 300, as are government spending and taxes. a. If Y is 1,500, what is planned spending

  Find the standard error of each estimated coefficient

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..

  A firm that produces its output in asia and sells it in the

a firm that produces its output in asia and sells it in the united states has one plant in country 1 and another in

  How much output should firm produce at each plant

Suppose a firm produces its output in two different plants. Production costs at plant 1 are given by C1 = 4(Q1)2, where Q1 is the amount of production at plant 1. The production costs at plant 2 are given by C2 = 2(Q2)2

  1 a under a strict command-and-control framework suppose

1. a. under a strict command-and-control framework suppose abatement standards are set equally across polluters. assume

  What is the shape of sampling distribution of sample mean

A population of students spends an average of $8 a day on dinner. The standard deviation of the expenditure is $4. A simple random sample of 64 students is taken. shape of the sampling distribution of the sample mean

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