6. [-/1 Points] DETAILS ASWQUANT13 1.E.008. MY NOTES PRACTICE ANOTHER Question Details X QUESTION PARTS 2 11 TOTAL POINTS -/0.09 -/0.09 -/0.09 -/0.09 -/0.09 -/0.09 -/0.09 -/0.09 -/0.09 -/0.09 -/0.1 -/1 SUBMISSIONS USED 0/1 0/1 0/1 0/1 0/1 0/1 0/1 0/1 Recall the production model: Max 10x s.t. 5x $ 40 x 20 Suppose the firm in this example considers a second product that has a unit profit of $5 and requires 2 hours for each unit produced. Assume total production capacity remains 40 units. Use y as the number of units of second product produced (a) Show the mathematical model when both products are considered simultaneously. Max E.t x 20, y 20 (b) Identify the controllable and uncontrollable inputs for this model. (Select all that apply.) (i) controllable O X O labor hours O labor availability O unit profit (ii) uncontrollable O X O labor hours labor availability unit profit (c) Draw the flowchart of the input-output process for this model. (Submit a file with a maximum size of 1 MB.) 5 Choose File| No file chosen This answer has not been graded yet. d) What are the optimal solution values of x and y? (Let P be total profit.) X = 6 V = 7 P = $ 8 (e) Is this model a deterministic or a stochastic model? Explain. The uncontrollable inputs are 2 (--Select---] and 10 [-Select-- V ), so the model is 11 -Select-- v7. [-/1 Points] DETAILS ASWQUANT13 1.E.013. MY NOTES PRACTICE ANOTHER Question Details X QUESTION PARTS 2 3 TOTAL POINTS -/0.25 -/0.25 -/0.25 -/0.25 -/1 SUBMISSIONS USED 0/1 0/1 0/1 0/1 Micromedia offers computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the particular activity that the instructor is presenting. Micromedia is currently planning a two-day seminar on the use of Microsoft Excel in statistical analysis. The projected fee for the seminar is $580 per student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $8,400. Micromedia rents computers for its seminars at a cost of $115 per computer per day. (a) Develop a model for the total cost (C) to put on the seminar. Let x represent the number of students who enroll in the seminar. C = (b) Develop a model for the total profit (P) if x students enroll in the seminar. P: (c) Micromedia has forecast an enrollment of 40 students for the seminar. How much profit will be earned if their forecast is accurate? P(40) = $ 3 (d) Compute the break-even point. X = 4