<u>Explanation</u>:
This is an example of a linear programming problem.
THE CONSTRAINTS
Let d, c represents number of desk and chair.
Marketing restrictions
c ≥ 2d; which can be written as
2d - c ≤0
Wood restriction
4d + 3c ≤ 20
OBJECTIVE FUCTION (MAX)
= 40d + 25c
Where d ≥ 0, c ≥ 0
With this details you can then find the solutions either graphically or using any other linear programming solution methods.
Answer:
The correct answer is Fire trucks.
Explanation:
According to the scenario, the given data are as follows:
1. Building blocks buy = $50
Increase in units = 100 units
2. Fire trucks buy = $20
Increase in units = 80 units
( which means in $50 Fire trucks can be bought 2.5× existing units)
So, In $50 Fire trucks increase in unit = 80 units × 2.5 = 200 units
3. Trains buy = $5
Increase in units = 15
( which means in $50 Trains can be bought 10× existing units)
So, In $50 Trains increase in unit = 15 units × 10 = 150 units
Hence, Fire trucks will give the maximum utility.
Answer:
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Explanation:
Answer:
percentage change in the quantity demanded of one good divided by the percentage change in the price of another good.
Explanation:
Demand cross-elasticity is the measure of the relative change in the quantity demanded for a good or service (A) as a function of a certain relative change in the price of another good or service (B) considered to be a substitute for or complementary to the first (A). For example, how much would increase the amount of margarine demanded if there was an increase in the price of butter. The formula for calculating the cross elasticity of demand consists in dividing the relative change in the quantity demanded of a good divided by the relative change in the price of the substitute good.
1. Respectful treatment of all employees at all levels
2. Trust between employees and senior management
3. Job security
Hope that helps :)
