using simplex method to solveA company has budgeted a maximum of$600,000 for advertising a certain productnationally. Each minute of television time costs$60,000 and each one-page newspaper adcosts $15,000. Each television ad is expected tobe viewed by 15 million viewers, and eachnewspaper ad is expected to be seen by 3million readers. The company's market researchdepartment advises the company to use at least6 television ads and at least 4 newspaper ads.How should the advertising budget be allocatedto maximize the total audience?

Given that acompany has budgeted a maximum of $600,000 for advertising a certain productnationally.…

Answered: using simplex method to solve A company…

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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The Transit Authority (TA)in a metropolitan area operates a subway line that currently carries an average of 6000 passengers per day commuting between the suburbs and downtown. The fare now is $3.00 per ride and the board of the TA is considering raising its price by $0.50 to generate a larger revenue. A study reveals that for each $0.50 increase in fare, the ridership will be reduced by an average of 1000 passengers per day. Using this study, the board determines that, to get maximum profit, the price of the ticket should remain at $3.00. Is this correct? Explain why or why not.
Ginny knits two different capes. The ‘Ginny’ model requires 3 hours of knitting and 7 hours to embellish the cape. The ‘Helen’ model requires 5 hours to knit and 5 hours to embellish the cape. Ginny has at most 60 hours a month to knit the capes and at most100 hours a month to embellish the capes. How many capes should she make to maximize her profit if she makes a profit of $80 on each ‘Ginny’ cape and a profit of $100 on each ‘Helen’.
Succulent Citrus produces orange juice and orange concentrate. This year the company anticipates a demand of at least 12,000 quarts of orange juice and 1,500 quarts of orange concentrate. Each quart of orange juice requires 10 oranges, and each quart of concentrate requires 50 oranges. The company also anticipates using at least 270,000 oranges for these products. Each quart of orange juice costs the company 50¢ to produce, and each quart of concentrate costs $2.00 to produce. How many quarts of each product should Succulent Citrus produce to meet the demand and minimize total costs? orange juice qt qt orange concentrate
A company has $11,270 available per month for advertising. Newspaper ads cost $180 each and can't run more than 21 times per month. Radio ads cost $570 each and can't run more than 34 times per month at this price. Each newspaper ad reaches 7200 potential customers, and each radio ad reaches 7800 potential customers. The company wants to maximize the number of ad exposures to potential customers. Use n for number of Newspaper advertisements and r for number of Radio advertisements. subject to Maximize P - 21 <34 <$11, 270 Enter the solution below. If needed, round ads to 1 decimal palace and group exposure to the nearest whole person. Number of Newspaper ads to run is Number of Radio ads to run is Maximum target group exposure is people
A computer equipment manufacturer produces scanners and printers. The resources needed for producing these devices and the corresponding profits are; If there are $200,000 worth of capital and 5240 hr of labor available each day, how many of each device should be produced per day to maximize profit. Express answer to nearest integer.

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