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Apple Company creates new plan to decide the quantity of mobile phone to be produced. There are 3 Phone Types: IPhone 6, IPhone 5 and IPhone 7. Knowing that the profit per unit of each IPhone 6 is $80, IPhone 5 : $60, and IPhone 7 : $20.Market research has indicated that the maximum demand is 200 for IPhone 5. IPhone 6 has to be more than 30% of IPhone 7. The maximum production availability for all mobile phones is720.The number of work hours available is at most 500 hours. An IPhone 6 requires 26 hours, an IPhone 5 requires 16 hours, and an IPhone 7 requires 18 hours.Formulate this as a linear programming problem.
Hannah is a new salesperson, taking over a territory. She is in the process of understanding her company's marketing strategy and goals, using a strategic
Explain how rent controls causes a shortage and how it related to supply, demand, and market equilibrium.
Kevin owns a farm near Harker Heights, TX, with a farmhouse, barn, and other structures permanently attached. Kevin grows soybeans on the property. A pond lies within the boundaries. Chandler owns a duplex that he leases to Mimi and Kevin. Chandler m..
To provide for a college education for her son, a woman opened an account in which equal annual deposits were made. The first deposit was made on January 1, 1998, and the last deposit was made on January 1, 2015.
Refer to the above diagram, which shows demand and supply conditions in the competitive market for product X. Other things equal, a shift of the supply curve from S0 to S1 might be caused by a(n): government subsidy per unit of output paid to firms p..
This service agreement prohibits you from taking any action that negatively impacts Basis its reputation, products, services, management or employees. If you violate this clause, as determined by Basis in its sole discretion, you will be billed $3,50..
Evaluate the influences of intellectual predictors of the following economic theorists: Adam Smith, David Ricardo, also Karl Marx.
What are the advantages and disadvantages of using a distributed vs. centralized database design?
An industry comprising a small number of firms, each of which considers the potential reactions of its rivals in making price-output decisions, is called
The following estimates have been obtained for the market demand for cereal In Q= 9.01- 0.68 In P+0.75In A-1.3M, where Q is the quantity of cereal, P is the price of cereal, A is the level of advertising and M is income.
you will explain the impact of employment and unemployment in a free market economy. The country of France legislated the maximum length of a workweek. Because Americans tend to work more hours than Europeans, should the US government also legislate ..
Flexible Felix views present and future consumption as imperfect substitutes and he discounts future consumption by a bit to reflect the uncertainties of his life. His utility function is given by U(C_0,C_1 )=3C_0+(4C_1) ⁄ ((1+δ) ) where δ (which is ..
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