Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the first pictue is questoon 16 A freelance writer must choose how to spend her time working on several different types of projects. Newspaper stories

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
the first pictue is questoon 16
A freelance writer must choose how to spend her time working on several different types of projects. Newspaper stories take 3 hours to write and pay a fiat rate of $45 per story. Magazine articles take much longer to write (25 hours) but pay significantly better ($400 per article). Proofreading is often tedious, but the writer can always find proofreading jobs that pay $20 per hour. The writer wants to maximize her income, but doesn't want to work more than 45 hours per week. Additionally, she dislikes proofreading so she would like to spend no more than 7 hours per week on that task. Both newspaper stories and magazine articles must be completed in the week they are started (HINT: use an integer constraint to be sure that all newspaper and magazine jobs are finished within a week). The writer's problem falls within which classification? O Mixed problems. Cost-benefit-trade-off. Resource allocation Transportation problems. For the problem in Question 16, which of the following is the objective function for the writer's problem? Min R = 3N + 25M + 20P O Max R = 45N + 400M - 20P O Min R = 3N + 25M + P Max R = 45N + 400M + 20P For the problem in Question 16, which of the following is the constraint that limits the amount of time the writer will work each week? O 3N + 25M + Ps7 O 3N + 25M + P s 45 O 3N + 25M + P > 45 O 45N + 400M + 20P 5 45 What is the optimal mix of jobs for the writer to accept each week? ON=6, M = 1, P = 2 ON= 13, M = 0, P = 6 ON=5, M = 1, P = 5 O N = 12, M = 0, P=7 5 on 20

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Option Volatility And Pricing Advanced Trading Strategies And Techniques

Authors: Sheldon Natenberg

2nd Edition

0071818774, 978-0071818773

More Books

Students also viewed these Finance questions

Question

How does this relate to the interests and priorities of staff?

Answered: 1 week ago

Question

2. (4 points) Find the limit by making tables lim (1 + 2x) = O

Answered: 1 week ago

Question

16.2 Explain three trends in the labour movement in Canada.

Answered: 1 week ago