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The government is auctioning off oil leases at two sites. At each site, 100,000 acres of land are to be auctioned. Cliff Ewing, Blake Barnes and Alexis Pickens are bidding for the oil. Government rules state that no bidder can receive more than 40% of the land being auctioned. Cliff has bid $1000 per acre for site 1 land and $2000 per acre for site 2 land. Blake has bid $900 per acre for site 1 land and $2200 per acre for site 2 land. Alexis has bid @1100 per acre for site 1 land and $1900 per acre for site land.
a) Determine how to maximize the governments revenue with a transportation model.
b) Use Solver Tab to see how changes in the government's rule on 40% of all land being auctioned affect the optimal revenue.
A die is rolled and a coin is tossed. What is the probability that a 3 will be rolled and a tail tossed? Find the probability of each event separately, and then multiply the an
assigenement
A printer which sells for $190 is on sale for 20% off. What is the sale price of the printer? The printer is 20% off. That means that it is 80% of its original price (100% - 2
Determine the centralizer and the order of the conjugacy: 1) Determine the centralizer and the order of the conjugacy class of the matrix [1, 1; 0, 1] in Gl 2 (F 3 ).
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Q. Describe the Laws of Sines? Ans. Up to now we have dealt exclusively with right triangles. The Law of Sines and the Law of Cosines are used to solve oblique triangles
Comparison Test Assume that we have two types of series ∑a n and ∑b n with a n , b n ≥ 0 for all n and a n ≤ b n for all n. Then, A. If ∑b n is convergent then t
In a 2500 word report do the market analysis of China. Under this you have to explain: - What are the advantages and disadvantages for foreign company to set up its business cent
determine the square of the following numbers ... a.8 b.13 c.17 and d.80
Evaluate the given limits, showing all working: Using first principles (i.e. the method used in Example 1, Washington 2009, Using definition to find derivative ) find the
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