Suppose that a furniture manufacturer makes chairs, sofas, and tables. Consider the following chart of labor hours required and available.Daily labor available (labor-hours)ChairSofaTableCarpentryFinishing638784112148UpholsteryThe profit per chair is $50, per sofa $40, and per table $80. How many pieces of each type of furniture should be manufactured each day to maximize the profit?24232sofas, andchairstables should be manufactured each day to maximize the profit.

Answered: Image /qna-images/answer/7afe5220-c1b8-42a0-ba0c-ae3f1ed56a6b.jpg

Answered: Suppose that a furniture manufacturer…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Suppose that a furniture manufacturer makes chairs, sofas, and tables. Consider the following chart of labor hours required and available. Chair Sofa Table Daily labor available (labor- hours) 3 8 =III 1 2 6 0 The profit per chair is $50, per sofa $40, and per table $80. How many pieces of each type of furniture should be manufactured each day to maximize the profit? Carpentry Finishing Upholstery 6 1 2 720 144 228
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G.140.
Sailmaster makes high-performance sails for competitive windsurfers. Below is information about the inputs and outputs for one model, the Windy 2000. Units sold Sale price each Total labor hours Wage rate Total materials Total energy 1,211 $ 1,694 46,712 $ 13 $60,150 $ 4,100 Productivity per hour Calculate the productivity in sales revenue/labor expense. Note: Round your answer to 2 decimal places.
Question A company produces and sells 211, 600 boxes of t-shirts each year. Each production run has a fixed cost of $400 and an additional cost of $3 per box of t-shirts. To store a box for a full year costs $2. What is the optimal number of production runs the company should make each year? Do not include units with your answer. Provide your answer below: FEEDBACK MORE INSTRUCTION SUBMIT
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PROBLEM SOLVING (DECISION THEORY) Example: A farmer wants to decide which of the three crops he should plant on his 100 Acre farm. The profit from each is dependent on the rainfall during the growing seasons. The farmer has categorized the amount of rainfall as high, medium, low. His estimated profit for each is show in the table: Rainfall Crop A Crop B Crop C High 8000 3500 5000 Medium 4500 4500 5000 Low 2000 5000 4000 Determine the various criterion from which the final decision has to be made. If the farmer wishes to plant only one crop, decide which will be his choice using the following criterion •Maximax criterion •Maximin criterion •Hurwicz criterion •Laplace criterion
The owner of a skating rink rents the rink for parties at $800 if 40 or fewer skaters attend, so that the cost per person is $20 if 40 attend. For each 5 skaters above 40, she reduces the price per skater by $0.50. (a) Construct a table that gives the revenue generated if 40, 50, and 60 skaters attend. No. of skaters Total Revenue 40 50 60 20 19 18 Price per Skater $800 $950 $ 1080 (b) Does the owner's revenue from the rental of the rink increase or decrease as the number of skaters increases from 40 to 60? lo The revenue increases. The revenue decreases. (c) Write the equation that describes the revenue for parties with x groups of five skaters more than 40 skaters. R(x) = (20-0.5x) (40+5x) (d) Find the number of skaters that will maximize the revenue. skaters (e) Find the maximum revenue. $ (f) When the revenue is at the maximum possible, what price is paid per skater? $
Year Governmenttax revenues(billions of dollars) Governmentexpenditures(billions of dollars) 1 240 240 2 250 245 3 260 255 4 300 320 5 325 340 What is the amount of the surplus or deficit incurred in year 1 by the government shown in the above table? Group of answer choices $0 $25 billion deficit $25 billion surplus $240 billion surplus

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