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The government is auctioning off oil leases at two sites. At each site, 100,000 acres of land are to be auctioned. Cliff Ewing, Blake Barnes and Alexis Pickens are bidding for the oil. Government rules state that no bidder can receive more than 40% of the land being auctioned. Cliff has bid $1000 per acre for site 1 land and $2000 per acre for site 2 land. Blake has bid $900 per acre for site 1 land and $2200 per acre for site 2 land. Alexis has bid @1100 per acre for site 1 land and $1900 per acre for site land.
a) Determine how to maximize the governments revenue with a transportation model.
b) Use Solver Tab to see how changes in the government's rule on 40% of all land being auctioned affect the optimal revenue.
ABCD is a rhombus. the sides of the rhombus are 8cm long .one of its diagonals is 12cm .find the angels of the rhombus
What fraction of the full price will you pay for 2 shirts? 3 4 11 2 $45.001 2 .
Finding the Equation of a line, Given a Slope and a Point ? Find the equation of a line with slope m = 2, which passes through the point (-1, -3). Solution: Use the po
In pharmaceutical product research doctors visit the place to learn what
Prove the subsequent Boolean expression: (x∨y) ∧ (x∨~y) ∧ (~x∨z) = x∧z Ans: In the following expression, LHS is equal to: (x∨y)∧(x∨ ~y)∧(~x ∨ z) = [x∧(x∨ ~y)] ∨ [y∧(x∨
understandin rates and unitrates
Definition 1. We say that f(x) consist an absolute (or global) maximum at x = c if f ( x ) ≤ f (c ) for every x in the domain we are working on. 2. We say that at x = c ,
By selling a violin for $4950, giving a 10% discount on the marked price, a trader gained $950 on his investment, Find, Cost price.
Describe the Introduction to Integers ? Integers include the positive and negative whole numbers, such as -4, -3, -2, -1, 0, 1, 2, 3, 4, and so on. A negative number has a "
Graph y = sin ( x ) Solution : As along the first problem in this section there actually isn't a lot to do other than graph it. Following is the graph. From this grap
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