Once a firm knows what it should produce what must it then decide

Material 1 costs $7 a pound, material 2 costs $5 a pound, and labor costs $15 per hour. Product A sells for $101 a unit, product

Umnica [9.8K]

Answer:

Some answers are attached below

Explanation:

We need to maximize profit -

Selling prices for A,B,C are given; Costs of materials 1,2 and labor are given.

Also given is that 1 unit of each product A,B,C requires certain units of material 1, material 2 and labor based on the table provided.

Profit for 1 unit of A = Selling Price - Cost = 101 - [(7*3)+(5*2)+(15*4)] = 10 $

Profit for 1 unit of B = Selling Price - Cost = 67 - [(7*1)+(5*4)+(15*2)] = 10 $

Profit for 1 unit of C = Selling Price - Cost = 97.5 - [(7*5)+(5*0)+(15*3.5)] = 10 $

LP Formulation

Maximize profit Z = 10A+10B+10C

subject to Constraints

3A+B+5C<=300 ----> Material 1 constraint

2A+4B<=400 ---->Material 2 constraint

4A+2B+3.5C <=200 ----->Labor

C>=10 -----> Product C Demand constraint

A,B,C>=0

Below is the solver solution and formulation table from Excel -

Maximum profit = 925 $

8 0

3 years ago

The Administrator of the state of Wisconsin has designated the Investment Adviser Registration Depository (IARD) as the approved

Valentin [98]

Answer:

In states where the administrator has designated the IARD as the method for filing registration applications electronically, two exemptions are available. The exemptions are given in cases where the form that is filed cannot be accepted by the IARD and for hardships incurred through unexpected technical difficulties in filing. In such cases the investment adviser may file a manual application.

7 0

3 years ago

Recommend four ways to deal with complainer in the work place

d1i1m1o1n [39]

There can be a lot of ways. But here are 4 of it.
- Talk to the person and try to compromise to his complains.
- Give him or her the chance to hold accountability.
- Boost his or her confidence to be able to stand up next time on his own.
- Do not be too much available for them to depend.

4 0

3 years ago

n a recent year's financial statements, home depot reported the following results. sales $ 95 billion net income 8 billion avera

faltersainse [42]

The home depot's return on assets is 19.05%

The home depot's return on assets is 8.05% better than the 11% return of lowe's

What is return on assets?

The return on on assets means the net income of Home Depot as percentage of the average total assets, in other words, the return on assets is the net income divided average total assets , not sales revenue, which is applicable to profit margin

return on assets=net income/average total assets

net income=8 billion

average total assets=42 billion

return on assets=8 billion/42 billion

return on assets=19.05%

difference in return on assets=19.05%-11

difference in return on assets=8.05%

The home depot's return on assets is 8.05% better than the 11% return of lowe's

Find out more about return on assets on:brainly.com/question/23554298

#SPJ1

3 0

2 years ago

What is one reason why a business may incorporate a dress code?

LenaWriter [7]

Answer:

d

Explanation:

D.because it wants to promote unity among employees

3 0

2 years ago