Solve the linear programming problems stated in Problems 17-38. Minimize C = 30 x + 10 y subject to 1 .8 x + 0.9 y ≥ 270 0 .3 x + 0.2 y ≥ 54 0 .01 x + 0.03 y ≥ 3.9 x , y ≥ 0
Solve the linear programming problems stated in Problems 17-38. Minimize C = 30 x + 10 y subject to 1 .8 x + 0.9 y ≥ 270 0 .3 x + 0.2 y ≥ 54 0 .01 x + 0.03 y ≥ 3.9 x , y ≥ 0
The only problems I need help with ae the last 8 ones, Thanks
Price (S)
The graph below depicts a firm with market power. In the graph, MC represents the firm's marginal costs, ATC represents the average total costs, D represents demand, and MR represents marginal revenue.
110
70
60
50
40
30
20
MC
ATC
D
0
40
50
70
80
95
Quantity/Units
MR
a. At 60 units of output, how much would this profit-maximizing monopolist charge?
b. How many units would it produce to maximize total revenue rather than total profit?
c. What is the maximum quantity this firm can produce without incurring economic losses?
d. Calculate the firm's profit at the profit-maximizing output and price.
e. Why is this firm's marginal revenue curve below its demand curve? Explain.
A well-known company predominantly makes flat pack furniture for students. Variability with the automated machinery means the wood components are cut with a standard deviation in length of 0.45 mm. After they are cut the components are measured. If their length is more than 1.2 mm from the required length, the components are rejected.
a) Calculate the percentage of components that get rejected.
b) In a manufacturing run of 1000 units, how many are expected to be rejected?
c) The company wishes to install more accurate equipment in order to reduce the rejection rate by one-half, using the same ±1.2mm rejection criterion. Calculate the maximum acceptable standard deviation of the new process.
Chapter 5 Solutions
Pearson eText for Finite Mathematics for Business, Economics, Life Sciences, and Social Sciences -- Instant Access (Pearson+)
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.
Solve ANY Optimization Problem in 5 Steps w/ Examples. What are they and How do you solve them?; Author: Ace Tutors;https://www.youtube.com/watch?v=BfOSKc_sncg;License: Standard YouTube License, CC-BY
Types of solution in LPP|Basic|Multiple solution|Unbounded|Infeasible|GTU|Special case of LP problem; Author: Mechanical Engineering Management;https://www.youtube.com/watch?v=F-D2WICq8Sk;License: Standard YouTube License, CC-BY