A small computer-manufacturing plant has the capability to produce mice, keyboards, and gaming joysticks. The per-unit profit, per-unit labor usage, per-unit machine time usage, and maximum monthly demand values are given in the table below. Mice Keyboards Joysticks Profit/unit in $ Labor usage/unit Machine time/unit Max monthly demand 8.83 10.44 9.00 0.2 0.3 0.24 0.04 0.055 0.04 33000 29000 15000 Each month, a total of 9000 labor hours and 2000 hours of machine time are available. The plant has little warehouse storage space, so the monthly production schedule for each item should not exceed the monthly demand. Working within the constraints given above, determine the production schedule (or product mix) that maximizes the monthly profit from the plant. What is the maximum profit? (Hint: your answer should be a whole number.) Your Answer: Answer

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.