Question
Which of the following elementsindicatesa resource restriction in a mathematical model? 1.a parameter. 2.an objective function. 3.a constraint. 4.data 5.a decision variable. A student got
Which of the following elementsindicatesa resource restriction in a mathematical model?
1.a parameter.
2.an objective function.
3.a constraint.
4.data
5.a decision variable.
A student got a$5000grant per quarter and the opportunity to work on campus at a rate of$12per hour,but nomore than15hours per week.The quarter last10weeks.The student aid office charges5%of handling fees and the state has an8%income tax.
If E is 'earnings at the end of the quarter,' H is 'hours of work per week,' the model that calculates the income of the student at the end of the quarter is
1.E=5000*(1-0.05)+12*H*(1-0.08)
2.E=5000*(1-0.05)+10*12*H*(1-0.08)
3.E=5000*(1-0.05)+12*H*(1-0.08)
H<=15[this reads:H less or equal to15]
4.E=5000*(1-0.05)+10*12*H*(1-0.08)
H<=15[this reads:H less or equal to15]
Find the Break-Even point for the following problem:
Cost Function: C[x]=2340 + 2.2 [x]
Revenue Function R[x] = 2.1 [x]
Profit = R[x] - C[x]
x=?
- 1800
2.1750
3.1567
4.Not possible to find the break-even point.
please
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