To resolve a problem or select between multiple options
Answer:
will increase
Explanation:
Since both products are complements, a decrease in the price of one of them (in this case jelly) will increase the quantity demanded of both products, including the one whose price didn't change (peanut butter). An increase in the quantity demanded should increase the equilibrium price of peanut butter, which would result in an increase of supplier surplus.
The investor determines that a credit loss exists on the investment
Answer:
(a)Let X1 be the number of economy tires and X2 be the number of premium tires.
Objective function:
Maximize Z, where Z = 12X1 + 10X2
Subject to constraints
4X1/3 + X2/2 <= 600
4X1/5 + X2 <= 650
X1/2 + 2X/4 <= 580
X1/5 + X2/3 <= 120
X1, X2 = Z
(b) Check attachment for spreadsheet
(c) The maximum profit that can be obtained is $6032