Reference no: EM131268556
Suppose that country A, country B and country C produce all the apples, bananas and oranges inthe world. The world’s demand for apples requires 90 million acres of land devoted to appleproduction, 90 million acres of land for bananas and 100 million acres for oranges. The totalamount of land available in country A is 90 million acres, in country B is 110 million acres, andin country C is 80 million acres. The required labor hours in country A to produce an acre ofapples, bananas and oranges are 18, 20, 16, respectively. Similarly, the required labor hours are5, 13, and 12 in country B. Moreover, the required labor hours are 23, 22, and 25 for apples,bananas and oranges in country C. Given that the labor cost in country A to produce apples,bananas and oranges per hour is $8, $9 and $10, and for country B is the same as country A. Incountry C, the labor cost for apples, bananas and oranges is $10, $10 and $11. The problem is toallocate land use in each country so as to meet the world requirement and minimize the totallabor costs.
(a) Construct the appropriate parameter table for this problem as a transportation problem.
(b) Draw the network representation of this problem as a transportation problem.
(c) Formulate this problem as a transportation problem.
Find annuity payment required
: Future need: $15,000.00, Term (in years): 4. Interest rate: 6% and Find Annuity payment required: ?
|
Business ethics-describes personal values
: List five actions that you believe to be "right". Think about actions that you would ALWAYS approve if others did them, and that you would certainly be willing to do yourself. Yes, this is difficult but the effort is towards finding those particular ..
|
Long-run behavior of price levels
: 1. Monetary policy could influence the long-run behavior of price levels, inflation rates, costs, and other real or nominal variables
|
Using commercially available survey instrument
: A college asks your opinion on the relative merits of developing a survey instrument in-house versus using a commercial instrument. He found that there are many commercial types out there but they are all fairly expensive and do not include some of t..
|
Formulate this problem as transportation problem
: Suppose that country A, country B and country C produce all the apples, bananas and oranges inthe world. The world’s demand for apples requires 90 million acres of land devoted to appleproduction, 90 million acres of land for bananas and 100 million ..
|
Calculation of the gross domestic product
: Explain why factors that are not part of the calculation of the Gross Domestic Product (GDP) can be important exclusions that have important meaning for understanding domestic macro-economics.
|
Find the marginal revenue at a production level
: Find the marginal revenue at a production level of 1,600 pairs and interpret the results.- Find the marginal revenue at a production level of 2,500 pairs, and interpret the results.
|
Types of employee development
: Which one of the four types of Employee Development (Formal Education, Assessments, Job Experiences, and Interpersonal Relationships) do you feel is the most effective? Why??
|
Find the marginal revenue at a production level
: Express the price p in terms of the demand x, and find the domain of this function.- Find the marginal revenue at a production level of 400 steam irons and interpret the results.
|