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3 years ago

An auction market:

Business

1 answer:

Sindrei [870]3 years ago

6 0

Answer:

The correct answer is letter "B": has a physical trading floor.

Explanation:

An auction market is one where buyers and sellers simultaneously offer reasonable bids. The price of the asset being traded is the highest price a buyer is willing to pay and the lowest price a seller is willing to accept. Even with the spread of technology, some auctions can be done online. Though, the auction always has a trading floor.

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Each machine must be run by one of 19 cross-trained workers who are each available 35 hours per week. The plant has 10 type 1 ma

Mrac [35]

Answer:

The Linear programming model is given as below

Profit Function: $P=90X+120Y+150Z$

Constraints:

$2X+2Y+Z\leq 400$

$3X+4Y+6Z\leq 240$

$4X+6Y+5Z\leq 320$

$\dfrac{2X+2Y+Z}{40}\leq 10$

$\dfrac{3X+4Y+6Z}{40}\leq 6$

$\dfrac{4X+6Y+5Z}{40}\leq 8$

$\dfrac{2X+2Y+Z}{35}+\dfrac{3X+4Y+6Z}{35}+\dfrac{4X+6Y+5Z}{35}\leq 19$

Explanation:

As the question is not complete, the complete question is found online and is attached herewith.

Let the number of product 1 to be produced is X, that of product 2 is Y and product 3 is Z

so the maximizing function is the profit function which is given as

$P=90X+120Y+150Z$

Now as the number of hours in a week are 40 and there are a total of 10 type 1 machines so the total number of machine 1 hours are 40*10=400 hours

As from the given table product 1 uses 2 machine hours of machine 1, product 2 uses 2 machine hours of machine 1 and product 3 uses 1 hour of machine 1 so

$2X+2Y+Z\leq 400$

Now as the number of hours in a week are 40 and there are a total of 6 type 2 machines so the total number of machine 2 hours are 40*6=240 hours

As from the given table product 1 uses 3 machine hours of machine 2, product 2 uses 4 machine hours of machine 2 and product 3 uses 6 hour of machine 2 so

$3X+4Y+6Z\leq 240$

Now as the number of hours in a week are 40 and there are a total of 8 type 3 machines so the total number of machine 3 hours are 40*8=320 hours

As from the given table product 1 uses 4 machine hours of machine 3, product 2 uses 6 machine hours of machine 3 and product 3 uses 5 hour of machine 3 so

$4X+6Y+5Z\leq 320$

Now as the machine 1 is used as 2X+2Y+Z in a week and the week is of 40 hours so the number of machines to be used are given as

$\dfrac{2X+2Y+Z}{40}\leq 10$

Now as the machine 2 is used as 3X+4Y+6Z in a week and the week is of 40 hours so the number of machines to be used are given as

$\dfrac{3X+4Y+6Z}{40}\leq 6$

Now as the machine 3 is used as 4X+6Y+5Z in a week and the week is of 40 hours so the number of machines to be used are given as

$\dfrac{4X+6Y+5Z}{40}\leq 8$

Now the workers are available for 35 hours so the worker available at the machine 1 is given as

$\dfrac{2X+2Y+Z}{35}$

That of machine 2 is given as

$\dfrac{3X+4Y+6Z}{35}$

That of machine 3 is given as

$\dfrac{4X+6Y+5Z}{35}$

As the total number of workers is 19 so the constraint is given as

$\dfrac{2X+2Y+Z}{35}+\dfrac{3X+4Y+6Z}{35}+\dfrac{4X+6Y+5Z}{35}\leq 19$

So the Linear programming model is given as below

Profit Function: $P=90X+120Y+150Z$

Constraints:

$2X+2Y+Z\leq 400$

$3X+4Y+6Z\leq 240$

$4X+6Y+5Z\leq 320$

$\dfrac{2X+2Y+Z}{40}\leq 10$

$\dfrac{3X+4Y+6Z}{40}\leq 6$

$\dfrac{4X+6Y+5Z}{40}\leq 8$

$\dfrac{2X+2Y+Z}{35}+\dfrac{3X+4Y+6Z}{35}+\dfrac{4X+6Y+5Z}{35}\leq 19$

4 0

3 years ago

Select all that apply. Select the items that describe what happens at the equilibrium price. Producers supply the exact goods th

malfutka [58]

Answers are:
<span>Producers supply the exact goods that consumers buy.
Consumers have enough goods, at the given price
</span><span>Producers use their resources efficiently

At the equilibrium price, the quantity bought= quantity sold. Consumers have enough goods at the given price, meaning that there isn't anyone who wants to buy the good at that price but can't, and producers use their resources efficiently.

The whole economy does not waste resources, since this is the market-efficient outcome, and there aren't many shortages or surpluses for the same reason. </span>

5 0

3 years ago

Smashed pumpkins co. Paid $200 in dividends and $624 in interest over the past year. The company increased retained earnings by

Maru [420]

Dividends that were paid last year = $200

Retained earnings = $522

Net Income = Retained earnings + Dividends paid = 200+522 =722

Tax rate was 38%.

Earnings before tax (EBT) = Net income/ (1-tax rate) =722/(1-0.38) = 1,164.52

Interest expense= 624

Earnings before interest and tax (EBIT) = EBT + interest expense = 1,164.52 + 624 = 1,788.52

Earnings before interest and tax (EBIT) = 1,788.52

3 0

3 years ago

which factors should be considered in the process of determining an advertising budget? (choose every correct answer.)

Alex_Xolod [135]

The factors that should be considered in the process of determining an advertising budget are Firms must understand how advertising will help them meet objectives and Advertising spending will fluctuate over the course of the product life cycle.

A budget for advertising is money set aside by a business to promote its products and services. Conducting market research, having ad creatives created and produced, promoting through print, digital, and social media, launching advertising campaigns, etc. are all examples of promotional activities.

Any marketing activity a business wishes to engage in requires some financial investment. The advertising budget is crucial for this reason. It aids in comprehending the goals. Costs aid in strategy development and profit generation by raising total sales.

To learn more about advertising budget, visit the link below:

brainly.com/question/29304981

#SPJ4

The complete question is:

which factors should be considered in the process of determining an advertising budget? (choose every correct answer.)

A) Firms must understand how advertising will help them meet objectives.

B) The budget should be uniform for all products within the firm.

C) The budget should be relatively uniform throughout the product's life.

D) Advertising spending will fluctuate over the course of the product life cycle.

E) Advertising spending should depend on the previous year's sales volume.

4 0

1 year ago

The soccer team is planning to sell health bars for a fundraiser. the prices of purchasing health bars from two different compan

stepladder [879]

40 bars ...............................................................................................

7 0

3 years ago

Read 2 more answers