Produces two types of calculators financial and scientific

Assignment Help Business Economics
Reference no: EM131007787

Xyz inc produces two types of calculators financial and scientific. Each financial calculator generates 50 profit and each scientific calculator generates 30 profit. the company has 100 bases for production and each calculator requires one of those bases. It takes 2 mins to assemble 1 finincial calc and 3 mins to assemble 1 scientific calc. the assembly department has no more than 100 mins available for production of the two models, a contract of 50 financial calcs has to be fulfilled. the objective is to find the optimal number of financial and scientific calculators that maximimizes profit given the constraints. Provide the mathematical problem. Do not solve it

Reference no: EM131007787

Questions Cloud

How would a classical economist respond to this situation : Graph the following scenario taken from the headlines recently. Be sure to focus on what is actually happening. “Central bank Governor Toshihiko Fukui has been predicting the economy's longest expansion in more than 60 years will spur profits and fee..
What is the profit implication of this : If Southwest does experience a highly elastic demand on the Burbank-Oakland route, what is the profit implication of this?
Assume that the economy is beginning at equilibrium : Assume that the economy is beginning at equilibrium. There is a supply shock and OPEC has decided to increase production, which lowers the price of oil. What will happen to the price level and RGDP in the short run? Label the original point (A) and t..
Discuss the importance of competition within an industry : Write a two page double spaced essay in which you discuss the importance of competition within an industry for consumers. Be sure to use the long run industry standards in your essay.
Produces two types of calculators financial and scientific : Xyz inc produces two types of calculators financial and scientific. Each financial calculator generates 50 profit and each scientific calculator generates 30 profit. the company has 100 bases for production and each calculator requires one of those b..
Using the extensive or tree-form of a game : Coca-Cola and PepsiCo are the leading competitors in the market for cola products. In 1960 Coca-Cola introduced Sprite, which today is the worldwide leader in the lemon-lime soft drink market and ranks fourth among all soft drinks worldwide. Diagram ..
Describe the manufacturing process : Choose a product to manufacture and to describe the manufacturing process. Prepare the following budgets for 1 quarter broken down monthly regarding your chosen item: estimated sales budget, estimated direct materials budget, estimated direct labor..
What is the delivered price of the living room set : Levin Furniture buys a living room set with a $4,000 list price and a 55% trade discount.Freight (FOB shipping point) of $50 is not part of the list price. What is the delivered price(including freight) of the living room set, assuming a cash disc..
What reserve price should the auctioneer set : A reserve price is a minimum price set by the auctioneer. If no bidder is willing to pay the reserve price, the item is unsold at a profit of $0 for the auctioneer. If only one bidder values the item at or above the reserve price, that bidder pays th..

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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