Reference no: EM131960971
Company XYZ wants to maximize the profit for two products A and B which are sold at $ 25 and $ 20 respectively. There are 1800 resource units available every day and product A requires 20 units while B requires 12 units. Both of these products require a production time of 4 minutes and total available working hours are 8 in a day. What should be the production quantity for each of the products to maximize profits.
(a) Write the objective function for this problem.
(b) What are the decision variables in this problem?
(c) What are the constraints (resource and time) in this problem?
(d) Fill in the blank. Find optimal values for units of Product A and B to obtain the maximum sales within the given constraints.
You may use any method (R, Excel, anything else) to solve this problem; you do not have to show any code, however please show any equations/formulas you use or derive to support your thought process.
Company XYZ should produce __________ units of Product A, and ___________ units of Product B to get sales of ___________ dollars, which is the maximum sales the company can receive given the constraints.
Prepare all necessary entries in general journal
: Presented below is information related to Pearl Corp., which sells merchandise with terms. Prepare all necessary entries in general journal form for Pearl Corp.
|
Distribution of gmat scores
: If we assume that the distribution of GMAT scores of this year's applicants is the same as that of 5 years ago, can we conclude at the 5% significance level tha
|
Politician claims that the average uae resident
: A politician claims that the average UAE resident is more than 20 pounds overweight. To test his claim, a random sample of 20 UAE residents was weighed
|
Rearrange preceding income statement to contribution margin
: Rearrange the preceding income statement to the contribution margin format. sales, variable expense, contribution margin, fixed expenses, operating income.
|
Write the objective function for problem
: (a) Write the objective function for this problem. (b) What are the decision variables in this problem?
|
What is the present worth of a debenture bond
: What is the present worth of a $50,000 debenture bond that has a bond coupon rate of 8% per year, payable quarterly? The bond matures in 15 years.
|
Population standard deviation of everyone
: Further, suppose that we know that the population standard deviation of everyone who is 17 years old is 0.6 degrees.
|
What is the real interest rate
: At present, the nominal interest rate is 7 percent, and the expected inflation rate is 5 percent. What is the real interest rate?
|
Proportion of college students
: Using the level of significance of .01, test the claim that the proportion of college students who are not on financial aid of any sort is greater than 15%.
|