Problems 41-48 refer to the bounded feasible region with corner points O = 0 , 0 , A = 0 , 5 , B = 4 , 3 , and C = 5 , 0 that is determined by the system of inequalities x + 2 y ≤ 10 3 x + y ≤ 15 x , y ≥ 0 If P = a x + 10 y , find all numbers a such that the minimum value of P occurs at both O and C .
Problems 41-48 refer to the bounded feasible region with corner points O = 0 , 0 , A = 0 , 5 , B = 4 , 3 , and C = 5 , 0 that is determined by the system of inequalities x + 2 y ≤ 10 3 x + y ≤ 15 x , y ≥ 0 If P = a x + 10 y , find all numbers a such that the minimum value of P occurs at both O and C .
Solution Summary: The author calculates the number a such that the minimum value of the objective function P=ax+10y occurs at O and C if the bounded feasible region has the corner points
Problems 41-48 refer to the bounded feasible region with corner points
O
=
0
,
0
,
A
=
0
,
5
,
B
=
4
,
3
, and
C
=
5
,
0
that is determined by the system of inequalities
x
+
2
y
≤
10
3
x
+
y
≤
15
x
,
y
≥
0
If
P
=
a
x
+
10
y
, find all numbers
a
such that the minimum value of
P
occurs at both
O
and
C
.
Let a = (-4, 5, 4) and 6 = (1,0, -1).
Find the angle between the vector
1) The exact angle is cos
2) The approximation in radians is
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.
Chapter 5 Solutions
Finite Mathematics for Business, Economics, Life Sciences, and Social Sciences (14th Edition)
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