Solution occur at a corner point only

Assignment Help Business Economics
Reference no: EM13904740

(a) Solve the following problem graphically:

Min C = 0.6x1 + x2

Sub to 10 x1 + 4 x2 ≥20

5 x1 + 5 x2 ≥20

2 x1 + 6 x2 ≥12

x1 , and x2 ≥0

(b) Why does the solution occur at a corner point only? Give reasons.

Reference no: EM13904740

Questions Cloud

Who is considered exposed to the virus : Who is considered exposed to the virus , Who would you isolate and for how long and Who would you quarantine and for how long?
Estimate a population proportion : After calculating the sample size needed to estimate a population proportion to within 0.05, you have been told that the maximum allowable error (E) must be reduced to just 0.025.
Which tests can we ask prospective employees to take : Which tests can we ask prospective employees to take, or current employees, and which are we not allowed to require?
About the seven elements of lean thinking and seven wastes : Think about the seven elements of lean thinking and the seven wastes. Do any of the seven elements of lean thinking match up to the seven wastes? If so how? Which of the seven wastes is the most important to get rid of and which of the seven elements..
Solution occur at a corner point only : (a) Solve the following problem graphically:
How much of impact does maturity level of the industry : How much of an impact does the "maturity" level of the industry or company have on strategy? How can you be innovative in a mature industry? How can you be conservative in an introductory/rapid growth situation?
What is meant with the marketing term positioning : How should Gazi Suspension position itself in order to increase sales and market share in the future? Before you answer this question, please make sure you know what is meant with the marketing term positioning?
Find his marginal revenue function : A monopolist's demand curve is given by P = 100 - 2q. (a) Find his marginal revenue function.
What location should be selected using break even method : Your company thinks it will sell 5000 pizzas per year and is considering two different locations. Location A has fixed cost of $100,00 and a variable cost if $4 per pizza. what location should be selected using break even method? what is the point of..

Reviews

Write a Review

Business Economics Questions & Answers

  Determine the current account balance

Organize the above data into the appropriate categories for the current as well as capital accounts determine the current account balance, the capital account balance, as well as the official settlements account balance.

  About transfer payments with regard to computing GDP

Which of the following statements are true about transfer payments with regard to computing GDP? Check all that apply

  Calculate elasticity of supply when increase in demand cause

Calculate the elasticity of supply when an increase in demand causes the equilibrium price and quantity to change from $2.00 and 500 to $2.80 and 1,000, respectively.

  Financial consulting firm

Sally quit her job as a CFO where she was earning $50,000 per year to start her own financial consulting firm. She converts a building that she owns, which was previously rented for $12,000 per year, into an office.

  President of sales for a rapidly growing company

As vice president of sales for a rapidly growing company, you are grappling with the question of expanding the size of your direct sales force.

  Explain observed behavior among oligopolistic firms

Using a market or industry as an example, explain how the Prisoners' Dilemma game helps explain observed (real-world) behavior among oligopolistic firms.

  Monetary policy is clearly superior to fiscal policy

Monetary policy is clearly superior to fiscal policy in that it suffers less from..

  Governments role in the protection of the environment

Analyze the government’s role in the protection of the environment. Be sure that your analysis includes a look at one of the following: conservation, environmentalism, protection, global warming, and energy concerns.

  Consumer purchases combination of two commodities

Suppose a consumer purchases a combination of two commodities that is on his or her budget line but the budget line is not tangent to an indifference curve at that point. Of which commodity should the consumer buy more of and of which should he or sh..

  Principal-agent problems

Principal-agent problems:

  How have financial innovations increased the liquidity

How have financial innovations increased the liquidity of home mortgages since the late 1970s? Has this increase in liquidity tended to increase or decrease the interest rate on home mortgages? Explain why.

  Describe the coase theorem

"The Coase Theorem" Prepare a 2-3 page paper using APA format discussing how the Coase Theorem provides an alternative to government regulation and provision of services. How is the definition of private property a critical part of this analysis?

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