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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 vertical post stands on a horizontal plane. The angle of elevation of the top is 60 o and that of a point x metre be the height of the post, then prove that x = 2 h/3 .
Nancy, Jennifer, Alex, and Joy ran a race. Nancy's time was 50.24 seconds, Jennifer's was 50.32, Alex's was 50.9, and Joy's was 50.2. Whose time was the fastest? The fastest ti
A box is 30 cm long, 8 cm wide and 12 cm high. Determine the length of the diagonal AB ? Round to the nearest tenth. a. 34.5 cm b. 32.1 cm c. 35.2 cm d. 33.3 cm
Given A and B A = | 1 0 1 | B = | 1 1 0 | | 1 1 0 | | 0 1 1 | | 0
who created math?
One-to-one Correspondence : Suppose you are given a certain number of cups and saucers, and are asked to find out whether there are enough saucers for all the cups. How would you
I need help with my calculus
Find out the volume of the solid obtained by rotating the region bounded by y = x 2 - 2x and y = x about the line y = 4 . Solution: Firstly let's get the bounding region & t
I had just come back from a very interesting talk arranged by a Mathematics Centre, it was aimed at parents of primary school-going children. They had talked about, and demonstrate
Verify Liouville''''s formula for y "-y" - y'''' + y = 0 in (0, 1) ?
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