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Q. A California grower has a 50-acre farm on which to plant strawberries also tomatoes. The grower has available 300 hours of labor per week also 800 tons of fertilizer also he has contracted for shipping space for a maximum of 26 acres' worth of strawberries also 37 acres' worth of tomatoes. An acre of strawberries needs 10 hours of labor also 8 tons of fertilizer, whereas an acre of tomatoes needs 3 hours of labor also 20 tons of fertilizer. The profit from an acre of strawberries is $400 also the profit from an acre of tomatoes is $300. The farmer needs to know the number of acres of strawberries also tomatoes to plant to maximize profit.
1. Formulate a linear programming model for this trouble.2. Solve this model by using graphical analysis.
Assume to a program is implemented that guarantees college tuition assistance to students maintaining a minimum GPA standard.
In your opinion, does the Houston Medical Center, in which many hospitals gather, represent an example of perfect competition.
Jimmy has a room which overlooks, from some distance, a major league baseball stadium.
There is a potential entrant, who needs to pay a sunk cost of f to enter in this market. Firms may produce any quantity that does not exceed its capacity.
Given a binomial random variable with n = 60 and p = 0.36 find the probability of obtaining between 25 and 35 successes inclusive, to three decimal places.
By what percentage would GDP be boosted if the value of the services of stay-at-home spouses were included in GDP
Illustrate what is the relationship among a firm's total income, profit also total cost?
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Assume that an economy producing two products, skateboards also in-line skates, is initially in equilibrium also that skateboards also in-line skates are substitutes.
Rain spoils the strawberry crop, the price raises from $4 to $6 a box, and the quantity demanded decreases from 1,000 to 600 boxes a week
Open a pizza restaurant and is considering either selling the bonds and using the 100,000 to start his restaurant or borrowing the 100,000 from a bank which would charge him an annual interest rate of 7 percent.
Under what conditions would firms be likely to support an industry-wide advertising ban. Please provide a few examples.
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