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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.
joey asked 30 randomly selected students if they drank milk, juice, or bottled water with their lunch. He found that 9 drank milk, 16 drank juice, and 5 drank bottled water. If the
what is the derivative of 2x^2
Nicole is forming 20 gift baskets. She has 15 pounds of chocolates to distribute equally between the baskets. If each basket gets the similar amount of chocolates, how many pounds
2 of 10 =
0.34/100
i just have one question i need help on for my geometry homework
In the introduction of this section we briefly talked how a system of differential equations can occur from a population problem wherein we remain track of the population of both t
The two sides of a triangle are 17 cm and 28 cm long, and the length of the median drawn to the third side is equal to 19.5 cm. Find the distance from an endpoint of this median to
Mutually Exclusive Events A set of events is said to be mutually exclusive if the occurrence of any one of the events precludes the occurrence of any of the other events for i
Tchebyshev Distance (Maximum Travel Distance per Trip Using Rectilinear Distance): It can be calculated by using following formula: d(X, Pi) = max{|x - ai|, |y - bi|} (Source
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