Rework Exercise 21 under the condition that the consumer demand for plastics is $1,860,000 and the demand
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A corporation has a plastics division and an industrial equipment division. For each $1 worth of output, the plastics division needs $.02 worth of plastics and $.10 worth of equipment. For each $1 worth of output, the industrial equipment division needs $.01 worth of plastics and $.05 worth of equipment. At what level should the divisions produce to meet a consumer demand for $930,000 worth of plastics and $465,000 worth of industrial equipment?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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