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A small-scale poultry industry grows broilers, layers, and turkeys, and sells them at a profit of $4, $5, and $6 respectively. The house is divided into three chambers sepa- rated by wooden bars to house the three kinds of birds. The house can accommodate no more than 45 birds. The labor time required for broilers and layers is 3 hours each. The turkeys require 4 hours of labor time. The house can grow a maximum of 20 broiler birds, and a maximum of 100 hours of labor are available. Formulate this prob- lem as an LP model to maximize the total profit.
within the discussion board area write 400-600 words that respond to the following questions with your thoughts ideas
A firm operating in a competitive market has the following total cost function: TC = 2.5Q3- 35.5Q2+ 210.5Q + 320-Find the profit maximizing level of output of this firm if the market price of this good is $165.5. What is the firm's shutdown price?
Say you are the manager of a perfectly competitive firm selling a product. Your business is making a loss because total revenue is less than total costs. What would you do--shut down or continue to operate? How do fixed costs play a role in your an..
1. use the following information to list the total fixed costs total variable costs average fixed costs total variable
IBM CEO Report 2014. Over the past six years (since 2008), they have interviewed the major CEO's every two years to get a sense of their take on global markets. The report includes the Reponses of over 1,500 CEO's from over 50 countries. The l..
The Multiplier in a country is equal to 5, and households pay no taxes. At the current equilibrium real GDP of $14 trillion, total real consumption spending by households is $12 trillion. What is real autonomous consumption (A) in this country
Within your supplemental readings for this semester, there are several discussions of the Keynesian multiplier. In the minds of the critics that you read, which is not a deficiency of the multiplier concept
Discuss how the GDP might be understood orused differently
your neighbor cindy wants to start a contracting business for installing solar panels. she has heard of the cost
Assume that the technology of producing widgets is that every company entering the market has the same total cost curve, as follows; TC=1000+5Q+0.1Q^2
Derive the equation for the demand curve facing the airline during the winter month of January if P = $100, PC = 150, BAI = 200, and S+0 (Price should be expressed as a function of quantity.)
Suppose that the Fed raises the discount rate, causing a decrease in discount loans to the banking system. Assume that the decrease equals $950 in discount loans. Show how this change in discount loans affects the liabilities and assets of the Fed an..
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