Reference no: EM13874391
Answer the following questions on Linear Programming (use the class notes to review the concepts). Both questions are graded(G).
1. A manager has formulated the following LP problem. Draw the graph and find the optimal solution. (In each, all variables are nonnegative).
Maximize: 10x+15y, subject to 2x+5y ≤ 40 and 6x+3y ≤ 48.
2. An athlete carefully watches her intake of calcium, protein, and calories. Her breakfast diet consists mainly of milk and cereal, whose prices and nutrient contents appear in the following table:
Milk (1 oz.) Cereal (1 oz.)
Calcium 2 2
Protein 2 6
Calories 6 2
Price $.10 $.15
She seeks a diet that supplies at least 50 units of calcium, 90 units of protein, and 66 calories at minimum cost.a. Formulate, graph, and solve this decision problem. What is the minimum cost of meeting the nutrient requirements?(9) b. Calculate and provide an economic interpretation of the shadow price associated with calcium.
|
What would be the equilibrium price and quantity explain
: a) If the monopoly can't separate both markets, then what would be the equilibrium price and quantity? Explain.b) Does the firm make a profit? If yes, how much is it? Explain.c) If the monopoly can separate both markets, then what type of price discr..
|
|
The income statement information
: The income statement information for 2010 and 2011 of the Connor Company (a sole proprietorship) is as follows:
|
|
According to the keynesian model
: Answer the question in short-answer format. Write your response in complete sentences. Your answers to each question should include 2-3 paragraphs (200-250 words)! No more than 250-300 words!Be sure to carefully read the question to ensure that each ..
|
|
Find the optimal capacity peak price and off-peak price
: Suppose that A = 50 and β = 4. Find the optimal capacity, peak price, and off-peak price. (b) Suppose that A = 90 and β = 8. Find the optimal capacity, peak price, and off-peak price.
|
|
Economic interpretation of the shadow price associated
: Supplies at least 50 units of calcium, 90 units of protein, and 66 calories at minimum cost.a. Formulate, graph, and solve this decision problem. What is the minimum cost of meeting the nutrient requirements?(9) b. Calculate and provide an economic i..
|
|
Description-visit to a sunday baptist church service in us
: Write a 2 pages description of your visit to a Sunday Baptist Church Service in United States. Describe what you see, hear, feel, smell, and taste. In other words use your five senses.
|
|
Show that a single-product firm would never have incentive
: Show that under the VF mechanism, a single-product firm would never have an incentive to waste once it reaches the Ramsey price.
|
|
Smythe company decides to sell division
: During December 2010, Smythe Company decides to sell Division F (a component of the company). On December 31, 2010, the company classifies Division F as held for sale.
|
|
What the value of phone sales for london in first quarter
: What was the value of Phone sales for London in the first quarter? What percent of the total annual sales were Tokyo Web sales in the fourth quarter? What percent of Sydney's annual sales was its Phone sales
|