In the example used to demonstrate model construction in this chapter (p. 4), a firm sells a
Question:
maximize Z = 20x - 5x
subject to
4x = 100
Now suppose that there is a second product, y, that has a profit of $10 and requires 2 pounds of steel to make, such that the model becomes
maximize Z = 15x + 10y
subject to
4x + 2y = 100
Can you determine a solution to this new model that will achieve the objective? Explain your answer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
There are two possible answers or solution points x 25 y 0 or x 0 y 50 Substitutin...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Finance questions
-
A firm sells its product for $30 per unit. Its direct material costs are $6 per unit and direct labour costs are $4. Manufacturing overhead costs are $40,000 per period and $8 per unit. Calculate the...
-
A firm sells its product in a perfectly competitive market where other firms charge a price of $80 per unit. The firm??s total costs are C(Q) = 40 + 8Q + 2Q2.a. How much output should the firm...
-
A firm sells a product in a perfectly competitive market, at a price of $50. The firm has a fixed cost of $30. Fill in the following table and indicate the level of output that maximizes profit. How...
-
Ha: μ1 > μ2 The null hypothesis is H0: μ1 = μ2 and the alternative hypothesis is as specified. We have provided data from a simple random...
-
Let a < b < c. Suppose that f is continuous on [a, b], that g is continuous on [b, c], and that f (b) = g(b). Define h on [a, c] by h(x) := f(x) for x |a, b and h(x) := g(x) for x |b, c. Prove that...
-
What four different types of adjustments are frequently necessary at the close of an accounting period? Give examples of each type.
-
EXERCISE 214 Job-Order Costing for a Service Company LO21, LO22, LO23 Yancey Productions is a film studio that uses a job-order costing system. The companys direct materials consist of items such as...
-
A contractor is considering whether to purchase or lease a new machine for his layout site work. Purchasing a new machine will cost $12,000 with a salvage value of $1200 at the end of the machine's...
-
The accounting cycle consists of journaling the financial transactions of a company followed by posting these transactions in the general ledger, preparing the adjusting entries, then the adjusted...
-
A retail outlet sells holiday candy for $10 per bag. The cost of the product is $8 per bag. All units not sold during the selling season prior to the holiday are sold for half the retail price in a...
-
The Weemow Lawn Service mows its customers lawns and provides lawn maintenance starting in the spring, through the summer, and into the early fall. During the winter, the service doesnt operate, and...
-
Consider a model in which two products, x and y, are produced. There are 100 pounds of material and 80 hours of labor available. It requires 2 pounds of material and 1 hour of labor to produce a unit...
-
Computing overhead and analyzing volume and spending variances. Selected data for Brown & Brown Inc. for the year 19X7 follows: Instructions 1. Compute the overhead application rate. 2. Compute the...
-
Consider the expression timing is everything in relation to the building of the TOMS brand. Besides the influence of recovering economic conditions and the increased affluence of potential customers,...
-
What is corporate strategy and why is it important? Choose a company with which you are familiar, and evaluate its corporate strategy, especially in regards to financial strategies. What are some...
-
Assignment Tasks: Review the following situations and for each pay period determine the employee's net pay by calculating what earnings & benefits are subject to Income Tax, Canada / Quebec Pension...
-
sample letter for signature change on bank accounts for principals of school
-
Use Excelshowing all work and formulasto complete the following: Prepare a flexible budget. Compute the sales volume variance and the variable cost volume variances based on a comparison between...
-
As materials are issued from the storeroom, what amounts are credited to Materials Inventory and what amounts are charged to Work in Process? What happens to the differences?
-
Determine the reactions in supports A and D and connections B and C. Sketch its shear and moment diagram and determine the magnitude ankoration of the maximum shear and moment for every member. 18 3...
-
In your opinion, which is the best test for the actus reus of attempt? Defend your answer.
-
Sitting on Maggie Klimchuks desk is the latest planned order report from the companys MRP system. Maggies job is to determine if there is enough capacity to handle the workload and to level the load...
-
Access the website of an ERP vendor such as Oracle, SAP, Infor, i2 Technologies, or QAD. Make a list of the modules available. Choose one module to describe in detail.
-
Access the website of an ERP vendor such as Oracle, SAP, Infor, i2 Technologies, or QAD. Make a list of the modules available. Choose one module to describe in detail.
-
Arnold inc. is considering a proposal to manufacture high end protein bars used as food supplements by body builders. The project requires an upfront investment into equipment of $1.4 million. This...
-
Billy Bob bank has three assets. It has $83 million invested in consumer loans with a 3-year duration, $46 million invested in T-Bonds with a 12-year duration, and $69 million in 6-month (0.5 years)...
-
Ventaz Corp manufactures small windows for back yard sheds. Historically, its demand has ranged from 30 to 50 windows per day with an average of 4646. Alex is one of the production workers and he...
Study smarter with the SolutionInn App