A manufacturer produces two models of television stands. The table at the left shows the times (in hours) required for assembling, staining, and packaging the two models. The total times available for assembling, staining, and packaging are
Trending nowThis is a popular solution!
Chapter 6 Solutions
Bundle: College Algebra, Loose-leaf Version, 10th + WebAssign Printed Access Card for Larson's College Algebra, 10th Edition, Single-Term
Additional Math Textbook Solutions
Algebra and Trigonometry (6th Edition)
Intermediate Algebra
Intermediate Algebra (8th Edition)
Elementary & Intermediate Algebra
Elementary Algebra For College Students (10th Edition)
- A company uses 5000 items per annum which has a price of $2 each. The ordering costs are $150 per order and holding costs are $1.50 per item per annum. The company is offered a 5% discount (discounted price is $1.90) for orders of 5000 and over. Order cost and holding cost remain at $150 per order and $1.50 respectively. Assuming that the company orders 5000 items per order, calculate the number of orders per annum, average stock, annual stock holding cost, annual order cost, annual inventory cost and the total annual cost of items and inventory.arrow_forwardA Toot can be made in 30 minutes and has a feather attached to it. A Wheet requires 15 minutes, has two feathers, and is sprinkled with 0.5 oz of sequin powder. A Honk requires 30 minutes, has three feathers, and one oz. of sequin powder. The net profit is $0.40 per Toot, $0.50 per Wheet, and $0.80 per Honk. The following resources are available: 80 hrs of labor, 360 feathers, and 90 oz. of sequin powder. Determine the quantity of each type of noisemaker that maximizes profit.arrow_forwardA Toot can be made in 30 minutes and has a feather attached to it. A Wheet requires 15 minutes, has two feathers, and is sprinkled with 0.5 oz of sequin powder. A Honk requires 30 minutes, has three feathers, and one oz. of sequin powder. The net profit is $0.40 per Toot, $0.50 per Wheet, and $0.80 per Honk. The following resources are available: 4800 minutes of labor, 360 feathers, and 90 oz. of sequin powder. Determine the quantity of each type of noisemaker that maximizes profit.arrow_forward
- The double-bar graph shown displays the average cost of an undergraduate student's tuition, fees, and room and board for the academic years 2012-2013 to 2016-2017 at both a 2-year and a 4-year public institution. James decided to attend a 2-year college for two years, and then transfer to a 4-year college for two years. If he started college in the fall of 2013 and paid the average cost for each of the four years, how much did he spend on his four years of 2-year 4-year 300- 250 258 250- 232 238 244 200- 150- education? 104 108 93 97 100-91 50+ 2012-13 2013-14 2016-17 2014-15 2015-16 Academic year ..... James spent $ on his four years of education. Average Cost (in hundreds of dollars)arrow_forwardQ: The Morton Supply Company produces clothing, footwear, and accessories for dancing and gymnastics. They produce three models of pointe shoes used by ballerinas to balance on the tips of their toes. The shoes are produced from four materials: cardstock, satin, plain fabric, and leather. The number of square inches of each type of material used in each model of shoe, the amount of material available, and the profit/model are shown below: Material (measured in square inches) Model 1 Model 2 Model 3 Material Available Cardstock 12 10 14 1200 Satin 24 20 15 2000 Plain fabric 40 40 30 7500 Leather 11 11 10 1000 Profit per model $50 $44 $40 Identify the decision variables, objective function, and constraints in simple verbal statements. Mathematically formulate a linear optimization model.arrow_forwardQ: The Morton Supply Company produces clothing, footwear, and accessories for dancing and gymnastics. They produce three models of pointe shoes used by ballerinas to balance on the tips of their toes. The shoes are produced from four materials: cardstock, satin, plain fabric, and leather. The number of square inches of each type of material used in each model of shoe, the amount of material available, and the profit/model are shown below: Material (measured in square inches) Model 1 Model 2 Model 3 Material Available Cardstock 12 10 14 1200 Satin 24 20 15 2000 Plain fabric 40 40 30 7500 Leather 11 11 10 1000 Profit per model $50 $44 $40 P.S) Generate the Sensitivity Report for this model in EXCEL. Interpret, in context, the Shadow Price for the Leather and the Satin constraints. Include units in your interpretations.arrow_forward
- Q: The Morton Supply Company produces clothing, footwear, and accessories for dancing and gymnastics. They produce three models of pointe shoes used by ballerinas to balance on the tips of their toes. The shoes are produced from four materials: cardstock, satin, plain fabric, and leather. The number of square inches of each type of material used in each model of shoe, the amount of material available, and the profit/model are shown below: Material (measured in square inches) Model 1 Model 2 Model 3 Material Available Cardstock 12 10 14 1200 Satin 24 20 15 2000 Plain fabric 40 40 30 7500 Leather 11 11 10 1000 Profit per model $50 $44 $40 a) Generate the Answer Report using SOLVER in EXCEL. Then, clearly answer what is the optimal solution? What is the resulting profit? b) Generate the Sensitivity Report for the model that you built. Interpret, in context, the Shadow Price for the Leather and the Satin constraints. Include units in your interpretations.arrow_forwardWhen a company offers a new product or service, they estimate how much of that product or service people will want at different prices. This is referred to as the product or service demand . As the price of a product or service increases, the demand usually decreases, and this drives the price down. Companies use the estimated demand to determine how much of a product or service they are willing to supply at different prices. As the price of a product or service increases, companies are willing to supply more of it because they will earn more money. If you graph the demand and the supply curves on the same xy-plane, they will sometimes intersect at the point where the price and the supply are in equilibrium. Consider the scenario below. Yaseen is a local artist who wants to increase the amount of money she earns every month by selling at-home painting kits. These kits will include a photograph of the finished painting, a link and password to Yaseen’s YouTube channel where she will…arrow_forward
- Elementary Geometry For College Students, 7eGeometryISBN:9781337614085Author:Alexander, Daniel C.; Koeberlein, Geralyn M.Publisher:Cengage,Trigonometry (MindTap Course List)TrigonometryISBN:9781337278461Author:Ron LarsonPublisher:Cengage Learning