In problem 16.8, only one reactor is used. If two reactors are used in series, the governing equation for the system changes. Find the conversions for both reactors (
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- 23. Consider a simple economy with just two industries: farming and manufacturing. Farming consumes 1/2 of the food and 1/3 of the manufactured goods. Manufacturing consumes 1/2 of the food and 2/3 of the manufactured goods. Assuming the economy is closed and in equilibrium, find the relative outputs of the farming and manufacturing industries.arrow_forwardSuppose the coal and steel industries form a closed economy. Every $1 produced by the coal industry requires $0.30 of coal and $0.70 of steel. Every $1 produced by steel requires $0.80 of coal and $0.20 of steel. Find the annual production (output) of coal and steel if the total annual production is $20 million.arrow_forwardA certain company is producing and selling its product X. The variable cost of the product X is 60% of its selling price, and the fixed cost of the company is $50,000 per month. When the company’s target profit for the forthcoming month is $20,000, how much sales volume (in dollars) is required to meet it?arrow_forward
- From the data given compute the sales price for each product T and O. From the data given compute variable cost per unit for each product T and O. Letter Co. produces and sells two products, T and O. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 50,000 units of each product. Sales and costs for each product follow.arrow_forwardConsider the following problem: A small manufacturer of photographic products prepares two types of film developing products each day named Fine and Extra Fine, using as the raw material Solutions A and B. Each litre of Fine contains 2 ml of Solution A, 1 ml of Solution B and the rest in other easily obtainable ingredients. Each litre of Extra Fine contains 1 ml of Solution A, 2 ml of Solution B and the rest in other easily obtainable ingredients. The profit on a litre of Fine is 8 cents and the profit on each litre of Extra Fine is 10 cents. The firm has only 50 litres of Solution A and 70 litres of Solution B available each day. How many litres of Fine and Extra Fine should be produced each day to maximize profit (assuming that the shop will sell everything it produces)? Which of the following would be a correct choice of variables involved? 0ALet x be the number of days, let y be the number of products to produce and let P be the profit earned. BLet x be the amount of Solution A to…arrow_forward
- Linear Algebra: A Modern IntroductionAlgebraISBN:9781285463247Author:David PoolePublisher:Cengage LearningAlgebra for College StudentsAlgebraISBN:9781285195780Author:Jerome E. Kaufmann, Karen L. SchwittersPublisher:Cengage Learning