Business Math (11th Edition)
11th Edition
ISBN: 9780134496436
Author: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Question
Chapter 7, Problem 7PT
To determine
To calculate: Total cost of producing a piece of luggage at ACME luggage company.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
An engineer is designing a pipeline which is supposed to connect two points P and S. The engineer decides
to do it in three sections. The first section runs from point P to point Q, and costs $48 per mile to lay, the
second section runs from point Q to point R and costs $54 per mile, the third runs from point R to point S
and costs $44 per mile. Looking at the diagram below, you see that if you know the lengths marked x and y,
then you know the positions of Q and R. Find the values of x and y which minimize the cost of the pipeline.
Please show your answers to 4 decimal places.
2 Miles
x =
1 Mile
R
10 miles
miles
y =
miles
help on this, results given
An open-top rectangular box is being constructed to hold a volume of 150 in³. The base of the box is made
from a material costing 7 cents/in². The front of the box must be decorated, and will cost 11 cents/in².
The remainder of the sides will cost 3 cents/in².
Find the dimensions that will minimize the cost of constructing this box. Please show your answers to at
least 4 decimal places.
Front width:
Depth:
in.
in.
Height:
in.
Chapter 7 Solutions
Business Math (11th Edition)
Ch. 7.1 - Prob. 1-1SCCh. 7.1 - Prob. 1-2SCCh. 7.1 - Prob. 1-3SCCh. 7.1 - Prob. 1-4SCCh. 7.1 - Prob. 1-5SCCh. 7.1 - Prob. 2-1SCCh. 7.1 - Prob. 2-2SCCh. 7.1 - Prob. 2-3SCCh. 7.1 - Prob. 2-4SCCh. 7.1 - Prob. 2-5SC
Ch. 7.1 - Prob. 3-1SCCh. 7.1 - Prob. 3-2SCCh. 7.1 - Prob. 3-3SCCh. 7.1 - Prob. 3-4SCCh. 7.1 - Prob. 1SECh. 7.1 - Prob. 2SECh. 7.1 - Prob. 3SECh. 7.1 - Prob. 4SECh. 7.1 - Prob. 5SECh. 7.1 - Prob. 6SECh. 7.1 - Prob. 7SECh. 7.1 - Prob. 8SECh. 7.1 - Prob. 9SECh. 7.1 - Prob. 10SECh. 7.1 - Prob. 11SECh. 7.1 - Prob. 12SECh. 7.1 - Prob. 13SECh. 7.1 - Prob. 14SECh. 7.1 - Prob. 15SECh. 7.1 - Prob. 16SECh. 7.1 - Prob. 17SECh. 7.1 - Prob. 18SECh. 7.1 - Prob. 19SECh. 7.1 - Prob. 20SECh. 7.1 - Prob. 21SECh. 7.2 - Prob. 1-1SCCh. 7.2 - Prob. 1-2SCCh. 7.2 - Prob. 1-3SCCh. 7.2 - Prob. 1-4SCCh. 7.2 - Prob. 1-5SCCh. 7.2 - Prob. 1-6SCCh. 7.2 - Prob. 2-1SCCh. 7.2 - Prob. 2-2SCCh. 7.2 - Prob. 2-3SCCh. 7.2 - Prob. 2-4SCCh. 7.2 - Prob. 2-5SCCh. 7.2 - Prob. 2-6SCCh. 7.2 - Prob. 3-1SCCh. 7.2 - Prob. 3-2SCCh. 7.2 - Prob. 3-3SCCh. 7.2 - Prob. 3-4SCCh. 7.2 - Prob. 3-5SCCh. 7.2 - Prob. 3-6SCCh. 7.2 - Prob. 4-1SCCh. 7.2 - Prob. 4-2SCCh. 7.2 - Prob. 4-3SCCh. 7.2 - Prob. 4-4SCCh. 7.2 - Prob. 4-5SCCh. 7.2 - Prob. 4-6SCCh. 7.2 - Prob. 5-1SCCh. 7.2 - Prob. 5-2SCCh. 7.2 - Prob. 5-3SCCh. 7.2 - Prob. 1SECh. 7.2 - Prob. 2SECh. 7.2 - Prob. 3SECh. 7.2 - Prob. 4SECh. 7.2 - Prob. 5SECh. 7.2 - Prob. 6SECh. 7.2 - Prob. 7SECh. 7.2 - Prob. 8SECh. 7.2 - Prob. 9SECh. 7.2 - Prob. 10SECh. 7.2 - Prob. 11SECh. 7.2 - Prob. 12SECh. 7.2 - Prob. 13SECh. 7.2 - Prob. 14SECh. 7.2 - Prob. 15SECh. 7.2 - Prob. 16SECh. 7.2 - Prob. 17SECh. 7.2 - Prob. 18SECh. 7.2 - Prob. 19SECh. 7.2 - Prob. 20SECh. 7.3 - Prob. 1-1SCCh. 7.3 - Prob. 1-2SCCh. 7.3 - Prob. 1-3SCCh. 7.3 - Prob. 1-4SCCh. 7.3 - Prob. 1-5SCCh. 7.3 - Prob. 1-6SCCh. 7.3 - Prob. 2-1SCCh. 7.3 - Prob. 2-2SCCh. 7.3 - Prob. 2-3SCCh. 7.3 - Prob. 2-4SCCh. 7.3 - Prob. 2-5SCCh. 7.3 - Prob. 2-6SCCh. 7.3 - Prob. 1SECh. 7.3 - Prob. 2SECh. 7.3 - Prob. 3SECh. 7.3 - Prob. 4SECh. 7.3 - Prob. 5SECh. 7.3 - Prob. 6SECh. 7.3 - Prob. 7SECh. 7.3 - Prob. 8SECh. 7.3 - Prob. 9SECh. 7.3 - Prob. 10SECh. 7.3 - Prob. 11SECh. 7.3 - Prob. 12SECh. 7.3 - Prob. 13SECh. 7.3 - Prob. 14SECh. 7 - Prob. 1ESCh. 7 - Prob. 2ESCh. 7 - Prob. 3ESCh. 7 - Prob. 4ESCh. 7 - Prob. 5ESCh. 7 - Prob. 6ESCh. 7 - Prob. 7ESCh. 7 - Prob. 8ESCh. 7 - Prob. 9ESCh. 7 - Prob. 10ESCh. 7 - Prob. 11ESCh. 7 - Prob. 12ESCh. 7 - Prob. 13ESCh. 7 - Prob. 14ESCh. 7 - Prob. 15ESCh. 7 - Prob. 16ESCh. 7 - Prob. 17ESCh. 7 - Prob. 18ESCh. 7 - Prob. 19ESCh. 7 - Prob. 20ESCh. 7 - Prob. 21ESCh. 7 - Prob. 22ESCh. 7 - Prob. 23ESCh. 7 - Prob. 24ESCh. 7 - Prob. 25ESCh. 7 - Prob. 26ESCh. 7 - Prob. 27ESCh. 7 - Prob. 28ESCh. 7 - Prob. 29ESCh. 7 - Prob. 30ESCh. 7 - Prob. 31ESCh. 7 - Prob. 32ESCh. 7 - Prob. 33ESCh. 7 - Prob. 34ESCh. 7 - Prob. 35ESCh. 7 - Prob. 36ESCh. 7 - Prob. 37ESCh. 7 - Prob. 38ESCh. 7 - Prob. 39ESCh. 7 - Prob. 40ESCh. 7 - Prob. 41ESCh. 7 - Prob. 42ESCh. 7 - Prob. 43ESCh. 7 - Prob. 44ESCh. 7 - Prob. 45ESCh. 7 - Prob. 46ESCh. 7 - Prob. 47ESCh. 7 - Prob. 48ESCh. 7 - Prob. 49ESCh. 7 - Prob. 50ESCh. 7 - Prob. 51ESCh. 7 - Prob. 1PTCh. 7 - Prob. 2PTCh. 7 - Prob. 3PTCh. 7 - Prob. 4PTCh. 7 - Prob. 5PTCh. 7 - Prob. 6PTCh. 7 - Prob. 7PTCh. 7 - Prob. 8PTCh. 7 - Prob. 9PTCh. 7 - Prob. 10PTCh. 7 - Prob. 11PTCh. 7 - Prob. 12PTCh. 7 - Prob. 13PTCh. 7 - Prob. 14PTCh. 7 - Prob. 15PTCh. 7 - Prob. 1CTCh. 7 - Prob. 2CTCh. 7 - Prob. 3CTCh. 7 - Prob. 4CTCh. 7 - Prob. 5CTCh. 7 - Prob. 6CTCh. 7 - Prob. 7CTCh. 7 - Prob. 8CTCh. 7 - Prob. 9CTCh. 7 - Prob. 10CTCh. 7 - Prob. 11CTCh. 7 - Prob. 1CPCh. 7 - Prob. 2CPCh. 7 - Prob. 1CS1Ch. 7 - Prob. 2CS1Ch. 7 - Prob. 3CS1Ch. 7 - Prob. 4CS1Ch. 7 - Prob. 5CS1Ch. 7 - Prob. 1CS2Ch. 7 - Prob. 2CS2Ch. 7 - Prob. 3CS2Ch. 7 - Prob. 4CS2
Knowledge Booster
Learn more about
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.Similar questions
- Find and classify the critical points of z = (x² – 8x) (y² – 6y). Local maximums: Local minimums: Saddle points: - For each classification, enter a list of ordered pairs (x, y) where the max/min/saddle occurs. Enter DNE if there are no points for a classification.arrow_forwardCalculate the 90% confidence interval for the population mean difference using the data in the attached image. I need to see where I went wrong.arrow_forwardSuppose that f(x, y, z) = (x − 2)² + (y – 2)² + (z − 2)² with 0 < x, y, z and x+y+z≤ 10. 1. The critical point of f(x, y, z) is at (a, b, c). Then a = b = C = 2. Absolute minimum of f(x, y, z) is and the absolute maximum isarrow_forward
- a) Suppose that we are carrying out the 1-phase simplex algorithm on a linear program in standard inequality form (with 3 variables and 4 constraints) and suppose that we have reached a point where we have obtained the following tableau. Apply one more pivot operation, indicating the highlighted row and column and the row operations you carry out. What can you conclude from your updated tableau? x1 x2 x3 81 82 83 84 81 -2 0 1 1 0 0 0 3 82 3 0 -2 0 1 2 0 6 12 1 1 -3 0 0 1 0 2 84 -3 0 2 0 0 -1 1 4 -2 -2 0 11 0 0-4 0 -8arrow_forwardb) Solve the following linear program using the 2-phase simplex algorithm. You should give the initial tableau, and each further tableau produced during the execution of the algorithm. If the program has an optimal solution, give this solution and state its objective value. If it does not have an optimal solution, say why. maximize ₁ - 2x2+x34x4 subject to 2x1+x22x3x41, 5x1 + x2-x3-×4 ≤ −1, 2x1+x2-x3-34 2, 1, 2, 3, 40.arrow_forward9. An elementary single period market model contains a risk-free asset with interest rate r = 5% and a risky asset S which has price 30 at time t = 0 and will have either price 10 or 60 at time t = 1. Find a replicating strategy for a contingent claim with payoff h(S₁) = max(20 - S₁, 0) + max(S₁ — 50, 0). Total [8 Marks]arrow_forward
- 8. An elementary single period market model has a risky asset with price So = 20 at the beginning and a money market account with interest rate r = 0.04 compounded only once at the end of the investment period. = = In market model A, S₁ 10 with 15% probability and S₁ 21 with 85% probability. In market model B, S₁ = 25 with 10% probability and S₁ = 30 with 90% probability. For each market model A, B, determine if the model is arbitrage-free. If not, construct an arbitrage. Total [9 Marks]arrow_forwardb) Solve the following linear program using the 2-phase simplex algorithm. You should give the initial tableau, and each further tableau produced during the execution of the algorithm. If the program has an optimal solution, give this solution and state its objective value. If it does not have an optimal solution, say why. maximize ₁ - 2x2+x34x4 subject to 2x1+x22x3x41, 5x1 + x2-x3-×4 ≤ −1, 2x1+x2-x3-34 2, 1, 2, 3, 40.arrow_forwardSuppose we have a linear program in standard equation form maximize cTx subject to Ax = b. x ≥ 0. and suppose u, v, and w are all optimal solutions to this linear program. (a) Prove that zu+v+w is an optimal solution. (b) If you try to adapt your proof from part (a) to prove that that u+v+w is an optimal solution, say exactly which part(s) of the proof go wrong. (c) If you try to adapt your proof from part (a) to prove that u+v-w is an optimal solution, say exactly which part(s) of the proof go wrong.arrow_forward
- a) Suppose that we are carrying out the 1-phase simplex algorithm on a linear program in standard inequality form (with 3 variables and 4 constraints) and suppose that we have reached a point where we have obtained the following tableau. Apply one more pivot operation, indicating the highlighted row and column and the row operations you carry out. What can you conclude from your updated tableau? x1 x2 x3 81 82 83 84 81 -2 0 1 1 0 0 0 3 82 3 0 -2 0 1 2 0 6 12 1 1 -3 0 0 1 0 2 84 -3 0 2 0 0 -1 1 4 -2 -2 0 11 0 0-4 0 -8arrow_forwardMicrosoft Excel snapshot for random sampling: Also note the formula used for the last column 02 x✓ fx =INDEX(5852:58551, RANK(C2, $C$2:$C$51)) A B 1 No. States 2 1 ALABAMA Rand No. 0.925957526 3 2 ALASKA 0.372999976 4 3 ARIZONA 0.941323044 5 4 ARKANSAS 0.071266381 Random Sample CALIFORNIA NORTH CAROLINA ARKANSAS WASHINGTON G7 Microsoft Excel snapshot for systematic sampling: xfx INDEX(SD52:50551, F7) A B E F G 1 No. States Rand No. Random Sample population 50 2 1 ALABAMA 0.5296685 NEW HAMPSHIRE sample 10 3 2 ALASKA 0.4493186 OKLAHOMA k 5 4 3 ARIZONA 0.707914 KANSAS 5 4 ARKANSAS 0.4831379 NORTH DAKOTA 6 5 CALIFORNIA 0.7277162 INDIANA Random Sample Sample Name 7 6 COLORADO 0.5865002 MISSISSIPPI 8 7:ONNECTICU 0.7640596 ILLINOIS 9 8 DELAWARE 0.5783029 MISSOURI 525 10 15 INDIANA MARYLAND COLORADOarrow_forwardThe spread of an infectious disease is often modeled using the following autonomous differential equation: dI - - BI(N − I) − MI, dt where I is the number of infected people, N is the total size of the population being modeled, ẞ is a constant determining the rate of transmission, and μ is the rate at which people recover from infection. Close a) (5 points) Suppose ẞ = 0.01, N = 1000, and µ = 2. Find all equilibria. b) (5 points) For the equilbria in part a), determine whether each is stable or unstable. c) (3 points) Suppose ƒ(I) = d. Draw a phase plot of f against I. (You can use Wolfram Alpha or Desmos to plot the function, or draw the dt function by hand.) Identify the equilibria as stable or unstable in the graph. d) (2 points) Explain the biological meaning of these equilibria being stable or unstable.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Discrete Mathematics and Its Applications ( 8th I...MathISBN:9781259676512Author:Kenneth H RosenPublisher:McGraw-Hill Education
Mathematics for Elementary Teachers with Activiti...MathISBN:9780134392790Author:Beckmann, SybillaPublisher:PEARSON
Thinking Mathematically (7th Edition)MathISBN:9780134683713Author:Robert F. BlitzerPublisher:PEARSON
Discrete Mathematics With ApplicationsMathISBN:9781337694193Author:EPP, Susanna S.Publisher:Cengage Learning,
Pathways To Math Literacy (looseleaf)MathISBN:9781259985607Author:David Sobecki Professor, Brian A. MercerPublisher:McGraw-Hill Education
Discrete Mathematics and Its Applications ( 8th I...
Math
ISBN:9781259676512
Author:Kenneth H Rosen
Publisher:McGraw-Hill Education
Mathematics for Elementary Teachers with Activiti...
Math
ISBN:9780134392790
Author:Beckmann, Sybilla
Publisher:PEARSON
Thinking Mathematically (7th Edition)
Math
ISBN:9780134683713
Author:Robert F. Blitzer
Publisher:PEARSON
Discrete Mathematics With Applications
Math
ISBN:9781337694193
Author:EPP, Susanna S.
Publisher:Cengage Learning,
Pathways To Math Literacy (looseleaf)
Math
ISBN:9781259985607
Author:David Sobecki Professor, Brian A. Mercer
Publisher:McGraw-Hill Education
Use of ALGEBRA in REAL LIFE; Author: Fast and Easy Maths !;https://www.youtube.com/watch?v=9_PbWFpvkDc;License: Standard YouTube License, CC-BY
Compound Interest Formula Explained, Investment, Monthly & Continuously, Word Problems, Algebra; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=P182Abv3fOk;License: Standard YouTube License, CC-BY
Applications of Algebra (Digit, Age, Work, Clock, Mixture and Rate Problems); Author: EngineerProf PH;https://www.youtube.com/watch?v=Y8aJ_wYCS2g;License: Standard YouTube License, CC-BY