Find the optimal value of decision variables

Assignment Help Business Economics
Reference no: EM132482320

Maximize Z = 6X + 7Y

Subject to:

6X + 4Y <= 66

2X + 6Y >= 33

12X - 4Y >= 6

X,Y >= 0

Clearly show the feasible region. Find the optimal value of decision variables and the objective function.

Reference no: EM132482320

Questions Cloud

What were the negative consequences of actions : Conduct business in the late 19th century? What were the negative consequences of their actions? How did government and labor respond?
Principles of macroeconomics : Mankiw, N. Gregory (2015). Principles of Macroeconomics (7th ed.). Stamford, CT: Cengage Learning.
Calculate the amount of surplus-shortage : Calculate the amount of surplus/shortage if the current market price is $8 per bushel. Analyze its impact on market price and quantity.
What does the unemployment rate measure : What does the unemployment rate measure--who is counted and who is not counted? Are these numbers an accurate measure or are they misleading?
Find the optimal value of decision variables : Clearly show the feasible region. Find the optimal value of decision variables and the objective function.
Exponential functions-business and economics : You learn on the business channel that inflation was about 0.5% last month. Assume this rate is maintained each month for a year.
Define aggregate demand and expenditures : Define aggregate demand and expenditures. ?How are aggregate demand and aggregate expenditures related?
Law of comparative advantage or cost : The Law of Comparative Advantage or Cost. Choose the best multiple choice answer:
Limited product differentiation among firms : Consider an industry in the midst of an economy-wide recession. Which of the following characteristics of this particular industry is/are likely to limit the po

Reviews

Write a Review

Business Economics Questions & Answers

  Budget on an annual basis for all 50 years

Using an interest rate of 10% per year, what amount should VTEPS, Inc. budget on an annual basis for all 50 years?

  Interviewing three candidates for one sales job position

You are interviewing three candidates for one sales job position. On the basis of your experience and insight, you believe Jane can sell 600 units a day, Joe can sell 450 units a day, and Joan can sell 400 units a day. The daily salary each person is..

  Swot analysis and value chain analysis of under armour

Complete a SWOT analysis and a value chain analysis of Under Armour. How well has the company performed to stated strategic objectives or performance targets? Support your assessment with factual data. Compare the strengths, weaknesses, opportunities..

  Recommended a healthcare reform policy alternative

Recommended a healthcare reform policy alternative to positively impact insurance coverage and financing the delivery of healthcare in this country. (400 words) Cite appropriate reference.

  Probability that a randomly selected cup

The amount of coffee that the machine provides when a purchase is made approximately follows a uniform distribution between 200 and 250 ml.

  Contribute to maximizing profit of business

With appropriate examples, illustrate how you and your Division will contribute to maximizing profit of your business.

  Own life an example

How do you think economic relates to you in your own life an example

  What is one commodity that can be used in place

What is one commodity that can be used in place of paper/coin money?

  Performing economic analysis of mutually exclusive designs

A bridge design firm is performing an economic analysis of two mutually exclusive designs for a highway overpass. The steel girder option has an initial cost of $2.08 million, and the concrete option has an initial cost of $2.5 million. Based on the ..

  What inventory level should an order be placed

(A) How many orders should M&M place each year? (B) At what inventory level should an order be placed?

  Kerosene for space heating during winter season

The present price (year 0) of kerosene is $4.30 per gallon, and its cost is expected to increase by 10% per year. (At the end of year 1, kerosene will cost $4.73 per gallon.) Mr. Garcia uses about 800 gallons of kerosene for space heating during a wi..

  What are some of the basic things

What are some of the basic things that a business can use to reduce its tax obligations, i mean like reduce the amount of tax that they have to pay

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