Find the maximum possible profit

Assignment Help Business Management
Reference no: EM13855758

The seasonal yield of olives in a Piraeus, Greece vineyard is greatly influenced by a process of branch pruning. If olive trees are pruned every two weeks, output is increased. The pruning process, however, requires considerably more labor than permitting the olives to grow on their own and results in a smaller size olive. It also, though, permits olive trees to be spaced closer together. The yield of 1 barrel of olives by pruning requires 5 hours of labor and 1 acre of land. The production of a barrel of olives by the normal process requires only 2 labor hours but takes 2 acres of land. An olive grower has 250 hours of labor available and a total of 150 acres for growing. Because of the olive size difference, a barrel of olives produced on pruned trees sells for $20, whereas a barrel of regular olives has a market price of $30. The grower has determined that because of uncertain demand, no more than 40 barrels of pruned olives should be produced. Use graphical LP to

find (a) the maximum possible profit.

(b) The best combination of barrels of pruned and regular olives.

(c) The number of acres that the olive grower should devote to each growing process.

Reference no: EM13855758

Questions Cloud

Describe the process of globalization : In their introduction to Global Woman: Nannies, Maids and Sex Workers in the New Economy, how did Barbara Ehrenreich and Arlie Russelll Hochschild describe the process of globalization with regards to migrant women workers and western woman worker..
What it means to be an adult : what it means to be an adult
Heisenberg uncertainty principle : In this Homework you will prove the Heisenberg Uncertainty principle for the n=1 state of the particle in a box model.
Determine the equilibrium : In one of your laboratory experiments, you determine the equilibrium; you determine the equilibrium constant for this process, at 225, is 7.048E-72. You are given a table of data that indicates the standard heat of formation (ΔHo Form) of Cu2O is ..
Find the maximum possible profit : The grower has determined that because of uncertain demand, no more than 40 barrels of pruned olives should be produced. Use graphical LP to find the maximum possible profit
Calculate the coef?cient of skewness of his annual income : Calculate the variance of his annual income and calculate the coef?cient of skewness of his annual income.
How the rn establishes a caring therapeutic relationship : Describe how the RN establishes a caring, therapeutic relationship with these patients. Can the RN approach these situations in the same manner as with patients who are awake, alert, and speak the same language?
Solution of nacl : 1. A 0.5 M solution of NaCl would have _____ osmolarity as compared to a 0.3 M solution of Al(NO3)3 2. Consider a solution made from a nonvolatile solute and a volatile solvent. Which statement is true?
Describe the reasons provided for the effectiveness : Describe the reasons provided for the effectiveness of the program

Reviews

Write a Review

Business Management Questions & Answers

  Identify a very specific problem within the stated topic

2. Problem Statement: Identify a very specific problem within the stated topic. Do not let that problem be too broad. It should be narrowed down to a specific problem that is researchable. Present that problem in a general thesis statement stat..

  The united states foreign corrupt practices act

From the case study, examine HR's role in ensuring that organizations comply with the United States Foreign Corrupt Practices Act (FCPA) and the United Kingdom Bribery Act. Determine what you believe to be HR's biggest challenge in ensuring complianc..

  Explain and develop a strategy for meeting financing needs

Explain and Develop a strategy for meeting your short-term financing needs to acquire needed property and equipment.

  Unlocking and sharing business databases

What are the business benefits to Amazon and EBay of opening up some of their databases to developers and entrepreneurs? Do you agree with this strategy?

  International management managing across borders and culture

How does one successfully select an expatriate and In selecting a person for an expatriate assignment, what are the three major global mind-set attributes that successful expatriates possess?

  International and intercultural communication

International and Intercultural Communication

  Conflict exercisedevelop an appropriate response that

conflict exercisedevelop an appropriate response that includes christian behavior and resolution to the issue for each

  Show the organizations goals

The leaders challenge is to help individuals grow and fulfill their personal potential while advancing the organization's goals'

  The shut down rule in the short run

Discuss the shut down rule in the short run.

  Question about customer relationshow could the principles

question about customer relationshow could the principles used by ideo in redesigning customer relations be used in

  From the e-activity choice an athlete and study

From the e-Activity choice an athlete and study the performance trends of his or her career. Once you have reviewed his or her performance trends

  Networking and personal development

Networking and personal development - Expalin how might you use your network as a source for your own personal leadership development?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd