GBS215

pdf

School

Paradise Valley Community College *

*We aren’t endorsed by this school

Course

215

Subject

Economics

Date

Feb 20, 2024

Type

pdf

Pages

Uploaded by jojareem700

Test 1 Due Feb 7 at 9pm Points 100 Questions 15 Available Feb 7 at 6pm - Feb 7 at 9pm 3 hours Time Limit 150 Minutes Attempt History Attempt Time Score LATEST Attempt 1 56 minutes 72 out of 100 Score for this quiz: 72 out of 100 Submitted Feb 7 at 6:57pm This attempt took 56 minutes. 3 / 3 pts Question 1 The first step in problem solving is

are the ways to evaluate the alternatives faced by the decision maker Correct!

Your preview ends here

Eager to read complete document? Join bartleby learn and gain access to the full version

Access to all documents
Unlimited textbook solutions
24/7 expert homework help

3 / 3 pts Question 8 As part of their application for a loan to Lakeside Farm, a property they hope to develop as a bed-and-breakfast operation, the prospective owners have projected: Monthly Fixed cost (loan payment, taxes, insurance, maintenance) $5000 Variable cost per occupied room per night $30 Revenue per occupied room per night $80 Assume 30 days per month What is the mathematical expression for total profit per month 80x - 30x -5000 Correct!

$5000 Variable cost per occupied room per night $30 Revenue per occupied room per night $80 Assume 30 days per month If there are 15 guest rooms available per day, how many rooms per month would they need to occupied to break even? 80 ou Answered 100 orrect Answer

Your preview ends here

Eager to read complete document? Join bartleby learn and gain access to the full version

Access to all documents
Unlimited textbook solutions
24/7 expert homework help

At an 80% occupancy rate, what would the monthly profit be? 12,000 ou Answered

25 / 25 pts Question 13 Muir Manufacturing produces three popular grades of commercial carpeting among its many other products. In the coming production period, Muir needs to decide how many rolls of each grade should be produced in order to maximize profit. Each roll of Grade I carpet uses 60 units of synthetic fiber, requires 25 hours of production time, and needs 20 units of foam backing. Each roll of Grade II carpet uses 50 units of synthetic fiber, requires 28 hours of production time, and needs 15 units of foam backing. Each roll of Grade III carpet uses 40 synthetic fiber, requires 29 hours of production time, and needs 14 units of foam backing. The profit per roll of Grade I is $240 and the profit per roll of Grade II and Grade III carpet are $200 each. In the coming production period, Muir has 3,000 units of synthetic fiber available for use. Workers have been scheduled to provide 1,800 hours of production time. The company has 950 units of foam backing available for use. What will the total profit be?

Your preview ends here

Eager to read complete document? Join bartleby learn and gain access to the full version

Access to all documents
Unlimited textbook solutions
24/7 expert homework help

produced in order to maximize profit. Each roll of Grade I carpet uses 60 units of synthetic fiber, requires 25 hours of production time, and needs 20 units of foam backing. Each roll of Grade II carpet uses 50 units of synthetic fiber, requires 28 hours of production time, and needs 15 units of foam backing. Each roll of Grade III carpet uses 40 synthetic fiber, requires 29 hours of production time, and needs 14 units of foam backing. The profit per roll of Grade I is $240 and the profit per roll of Grade II and Grade III carpet are $200 each. In the coming production period, Muir has 3,000 units of synthetic fiber available for use. Workers have been scheduled to provide 1,800 hours of production time. The company has 950 units of foam backing available for use. Which constraints are binding?

roll of Grade II and Grade III carpet are $200 each. In the coming production period, Muir has 3,000 units of synthetic fiber available for use. Workers have been scheduled to provide 1,800 hours of production time. The company has 950 units of foam backing available for use. Which constraint has surplus?

Related Documents

Excel Pie Charts Directions-1.pdf

Discussion Case #2 - Craft Beer.docx

Supply+Chain+Case+Study_Master+Tag.docx

Chapter 23 Review Questions.docx

Chapter 16 Problems.docx

TMLT 311 Week 6 discussion.docx

Problem Set 1 - BCUSE Solutions Spring 2024.docx

Recommended textbooks for you

Managerial Economics: Applications, Strategies an...

Economics

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:Cengage Learning

Microeconomic Theory

Economics

ISBN:9781337517942

Author:NICHOLSON

Publisher:Cengage

Managerial Economics: A Problem Solving Approach

Economics

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Cengage Learning

Microeconomics: Principles & Policy

Economics

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:Cengage Learning

ECON MACRO

Economics

ISBN:9781337000529

Author:William A. McEachern

Publisher:Cengage Learning

ECON MICRO

Economics

ISBN:9781337000536

Author:William A. McEachern

Publisher:Cengage Learning

SEE MORE TEXTBOOKS

Recommended textbooks for you

Managerial Economics: Applications, Strategies an...
Economics
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:Cengage Learning
Microeconomic Theory
Economics
ISBN:9781337517942
Author:NICHOLSON
Publisher:Cengage
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Microeconomics: Principles & Policy
Economics
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:Cengage Learning
ECON MACRO
Economics
ISBN:9781337000529
Author:William A. McEachern
Publisher:Cengage Learning
ECON MICRO
Economics
ISBN:9781337000536
Author:William A. McEachern
Publisher:Cengage Learning