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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.
Explain Histogramsin details? Another way to display frequencies is by using a histogram. The following is an example of a histogram using the data from the previous example:
The given figure consists of four small semicircles and two big semicircles. If the smaller semicircles are equal in radii and the bigger semicircles are also equal in radii, find
A 1500 gallon tank primarily holds 600 gallons of water along with 5 lbs of salt dissolved into it. Water enters the tank at a rate of 9 gal/hr and the water entering the tank has
compare: 643,251; 633,512; and 633,893. the answer is 633,512. what is the question?
What is the exact vale of sin(theta/2) when sintheta=3/5, pi/2
There is one final topic that we need to address as far as solution sets go before leaving this section. Consider the following equation and inequality.
Josephine is on an 1,800 calorie per day diet. She tries to remain her intake of fat to no more than 30% of her overall calories. Based on an 1,800 calorie a day diet, what is the
The digraph D for a relation R on V = {1, 2, 3, 4} is shown below (a) show that (V,R) is a poset. (b) Draw its Hasse diagram. (c) Give a total order that have R.
A regression line drawn as Y=C+1075x, when x was 2, and y was 239, given that y intercept was 11. calculate the residual
1. The length of a rectangle is 2 times its width. The area of the rectangle is 72 square inches. Find the dimensions of the rectangle. 2. The length of a rec
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