The charm city bakery makes coffee cakes and danish

Assignment Help Macroeconomics
Reference no: EM13378237

The Charm City Bakery makes coffee cakes and Danish pastries in large pans. The main ingredients are flour and sugar. There are 25 pounds of flour and 16 pounds of sugar available. The demand for coffee cakes is less than or equal to 4. Five pounds of flour and 2 pounds of sugar are required to make a pan of coffee cakes, and 5 pounds of flour and 4 pounds of sugar are required to make a pan of Danish pastries. A pan of coffee cakes has a profit of $4, and a pan of Danish pastries has a profit of $6. Determine the number of pans of cakes and Danish pastries to produce each day so that profit will be maximized.

(a) Formulate a linear programming model for this problem.
(b) Find the optimal solution of this model by hand using the corner points graphical method.

Reference no: EM13378237

Questions Cloud

What is the difference between forecasting and : what is the difference between forecasting and budgeting?what is the difference between an operating budget and a cash
Kalriess company ordered a machine on january 1 2011 at an : kalriess company ordered a machine on january 1 2011 at an invoice price of 21000. on date of delivery january 2 2011
Derive an equation to find end of year future sum f that is : derive an equation to find end of year future sum f that is equiv to a series of n beginning-of-year payments b at
Information related to plant assets natural resources and : information related to plant assets natural resources and intangibles at the end of 2010 for spain company is as
The charm city bakery makes coffee cakes and danish : the charm city bakery makes coffee cakes and danish pastries in large pans. the main ingredients are flour and sugar.
You are a manager in a fictitious company of your choice : you are a manager in a fictitious company of your choice. your director has asked you to explain to the department
Determine whether the following linear programming problem : determine whether the following linear programming problem is infeasible unbounded or has multiple optimal solutions.
A quaint but well-established coffee shop the hot new : a quaint but well-established coffee shop the hot new cafeacute wants to build a new cafeacute for increased capacity.
Solve the following linear programming model graphically in : solve the following linear programming model graphically. in addition write the problem in standard form and do a

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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