Answer:
the lowest operating cost is achieved when mine 1 is operated for 0 hours and mine 2 is operated for 2 hours.
Explanation:
Mining hours of mine 1: M1
mining hours of mine 2: M2
Objective function: Minimize operating cost < 200M1 + 160 M2
Explicit constraints:
6M1 + 2M2 ≥ 12
2M1+ 2M2≥ 8
4M1+ 12M2 ≥ 24
Implicit constraints:
M1> 0
M2>0
See the attachment for feasible region
The coordinates of feasible region are (0,0), (2,0),(0,2),(1.5,1.5)
To maximize cost substitute each of these coordinates in objective function
for(0,0)
cost=0 (neglect this cost since M1>0 and M2 >0)
for(2,0)
cost= 320
for (0,2)
cost= 400
for (1.5,1.5)
cost= 540
the lowest operating cost is achieved when mine 1 is operated for 0 hours and mine 2 is operated for 2 hours
Answer:
two major advantages of unions:
1. we get more items from different countries
2. Unions promote higher wages and better benefits
two major disadvantages:
1. Labor unions discourage individuality
2. Unions can drive up costs as well as making it harder to promote and terminate workers.
To learn how to exploit its own valuable/rare resources would a firm currently experiencing competitive parity be able to gain sustained competitive.
In order for a company to maintain a lasting competitive edge, it must have control over a group of exploit resources that meet four essential criteria. These resources need to be: (1) priceless; (2) uncommon; (3) imperfectly imitable (hard to replicate); and (4) non-replaceable. A business offers the goods and services that customers want by utilizing its resources and capabilities. It creates a cost or differentiation advantage when a company employs them properly to make a product at the lowest cost and with more features.
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Answer:
The $302,500 is the amount of tuition revenue should the college recognize on February 28
Explanation:
The calculation of amount of tuition revenue should the college recognize on February 28 is computed below:
= Total Amount Received ÷ Number of months
= $1,210,000 ÷ 4
= $302,500
Since the amount of tuition revenue is given for four months and we have to calculate for 1 month. That's why we take four months while calculating.
Thus, $302,500 is the amount of tuition revenue should the college recognize on February 28
Answer: $30 000 loss is deductible, $20 000 is suspended
Explanation:
Passive losses are only deducted from passive income. deduction is limited to $500 000 for jointly married couples and $250 000 single tax payers.
Passive income is $30 000, therefore $ 30 000 out of the $50 000 loss is deductible, the suspended loss is $20 000