Find the new optimal solution

Assignment Help Business Economics
Reference no: EM13159112

Electrocomp%u2019s management realizes that it forgot to include two critical constraints (see Problem 7-14). In particular, management decides that to ensure an adequate supply of air conditioners for a contract, at least 20 air conditioners should be manufactured. Because Electrocomp incurred an oversupply of fans in the preceding period, management also insists that no more than 80 fans be produced during this production period. Resolve this product mix problem to find the new optimal solution.

Reference no: EM13159112

Questions Cloud

What is the cl- concentration of 40 ml of the stock solution : A stock solution is prepared by adding 21 mL of 1 M AlCl3 to enough water to make 76 mL. What is the Cl- concentration of 40 mL of the stock solution?
What are the similarities and differences in interphase : What are the similarities and differences in interphase, prophase, metaphase, anaphase, and telophase in mitosis and meiosis?
Explain what are the units of the rate constant : What are the units of the rate constant? c) What is the average value of the rate constant calculated from the three data sets?
Introductory pricing-price skimming-market penetration : Choose a product that you or someone you know has purchased recently. What pricing strategy, such as introductory pricing, price skimming, or market penetration, was used in pricing this product?
Find the new optimal solution : Electrocomp incurred an oversupply of fans in the preceding period, management also insists that no more than 80 fans be produced during this production period. Resolve this product mix problem to find the new optimal solution.
Basics of conversion cost per equivalent unit : If the costs for direct materials, direct labor, and factory overhead were $522,200, $82,700, and $45,300, respectively, for 16,000 equivalent units of production, the conversion cost per equivalent unit was $8.00.
How much (in grams) of buffer (benzoic acid), would you add : You prepare a buffer solution by dissolving 1.77 g each of benzoic acid, HC7H5O2, and sodium benzoate, NaC7H5O2, in 900.0 mL of water.The pH of the buffer is 4.19. How much (in grams) of the buffer (benzoic acid), would you add to the 900.0 mL of ..
Explain isopantane conformation : stable conformation, CH3 at 0,120d, H at 240, then on the other side has H at 0, 120, CH3 at 240d?? and is this a gauche conformation?
What are some of the top reasons of consumers reporting low : What are some of the top reasons of consumers reporting lower life satisfaction, even though their purchasing power has recently increased?

Reviews

Write a Review

Business Economics Questions & Answers

  Effective manager to a moral leader

Political scientist Garry Wills stated if leader is just an expediter of what other people wish, a resource for their use, the people are not being led but serviced.

  Concept of t-bills and t-notes

Treasury funds national debt by a mix of T-bills, T-notes, and T-bonds with maturities of 10-30 years. During President Clinton's administration Treasury proposed that by issuing more T-bills

  Why someone who isnormally a ligh eater at a standard

Use the economic perpective to explin why someone who isnormally a ligh eater at a standard restaurant may become somewhat of a gullton at a buffet-style restaurant that chares a single price for all you can eat.

  Elucidate pros and cons associated with this case

If a country desires to have stable prices (or low inflation), why not simply pass a law that prohibits firms from changing prices? Elucidate pros and cons associated with this case.

  Discuss balance of fixed and variable costs for organization

Discuss balance of fixed and variable costs for organization. Explain how has Internet changed this balance for organizations.

  Elucidate what might cause these fluctuations in supply

Suppose the demand for loanable funds was stable but the supply fluctuated from year to year. Elucidate what might cause these fluctuations in supply.

  If an economy experiences increasing prospect costs

If an economy experiences increasing prospect costs with respect to two goods, then the production-possibilities curve between the two goods will be.

  What would be its (cost-based) markup ratio

What would be its (cost-based) markup ratio? Now suppose the demand curve the firm faces is:Q = 3000 - 50 P. Is the firm going to achieve its profit goal? Explain.

  Compute profit earned from a typical consumer

Using two-part pricing , what will be the entry (membership) fee? What will be the per-unit fee? Compute the profit earned from a typical consumer with two-part pricing. Hint: same as perfect price discrimination profit.

  Illustrate what would be a reasonable breakdown

Illustrate what would be a reasonable breakdown between private sector vs. public sector spending for an increment of $1. Are we talking $0.8 from private and $0.2 from public or would you suggest a bigger swing either way.

  Illustrate what relationship must hold between x and p

Illustrate what relationship must hold between x and p so that A second order stochastically dominates B.

  Estimate the demand equation in gretl

Using two-stage least squares, estimate the demand equation in GRETL. Using two-stage least squares, estimate the supply equation in GRETL.

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