A bank has two type of branches .A satellite branch and a full service branch. A satellite branch employees 3 people ,require 100,000 dollar to construct and open , and generates an average daily revenue of 10,000 dollars . A full service branch employees 6 people, requires 200,000 dollars to construct and open ,and generates an average daily revenue of 18,000 dollars .The bank has up to 3 million available to open new branches and has decides to limit the new branches to a maximum of 25.If the bank further decides to hire at most 120 new employees, how many branches of each type should the bank open in order to maximize the daily revenue ?
A bank has two type of branches .A satellite branch and a full service branch. A satellite branch employees 3 people ,require 100,000 dollar to construct and open , and generates an average daily revenue of 10,000 dollars . A full service branch employees 6 people, requires 200,000 dollars to construct and open ,and generates an average daily revenue of 18,000 dollars .The bank has up to 3 million available to open new branches and has decides to limit the new branches to a maximum of 25.If the bank further decides to hire at most 120 new employees, how many branches of each type should the bank open in order to maximize the daily revenue ?
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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A bank has two type of branches .A satellite branch and a full service branch. A satellite branch employees 3 people ,require 100,000 dollar to construct and open , and generates an average daily revenue of 10,000 dollars . A full service branch employees 6 people, requires 200,000 dollars to construct and open ,and generates an average daily revenue of 18,000 dollars .The bank has up to 3 million available to open new branches and has decides to limit the new branches to a maximum of 25.If the bank further decides to hire at most 120 new employees, how many branches of each type should the bank open in order to maximize the daily revenue ?
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