Step-by-step explanation:
Let Xb be the no of braclets made
Let Xn be the no of necklaces made
Max Z=250Xb + 500Xn (Objective Function)
Subject to
2Xb + 5Xn <= 625 (rubies)
3Xb + 7 Xn <= 800 ( diamonds)
4Xb + 3 Xn <= 700 (Emeralds)
Xb>=0 (non-negativity)
Xn >= 0 (non negativity
Answer:
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Answer:
The correct answer would be, No of bracelets the company must sell to break even would be 15
Step-by-step explanation:
Revenue is given by the function as:
R(x) = 20x
and Cost is given by the function as:
C(x) = 180 + 8x
Let the function P(x) represent the profit earned.
We know that Profit is equal to Revenue - Cost
i-e
Profit = Revenue - Cost
So,
P(x) = R(x) - C(x)
Now substituting the Revenue and cost values in the above equation.
P(x) = 20x - (180 + 8x)
P(x) = 20x -180 -8x
P(x) = 20x - 8x -180
P(x) = 12x - 180
Now if we want to find out the break even point, we would consider profit as Zero, 0. So substituting 0 in the above equation for Profit, we will get:
0 = 12x - 180
12x = 180
x = 180/12
x = 15
So the break even point will be 15 bracelets.
B.14.2 because you subtract the 98 to the 112
