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Artist 52 [7]
3 years ago
14

A manufacturer makes two types of handmade fancy paper bags: type A and type B. Two designers—a cutter and a finisher—need to wo

rk on both kinds of bags. A type A bag requires 2 hours of the cutter's time and 1 hour of the finisher's time. A type B bag requires 1 hour of the cutter's time and 2 hours of the finisher's time. Each month the cutter is available for 104 hours and the finisher is available for 76 hours. The manufacturer gets a profit of $6 on each bag of type A and $11 on each bag of type B. Identify the number of bags of each type to be manufactured to obtain maximum profit.
Business
1 answer:
avanturin [10]3 years ago
7 0

Answer:

Type A to produce 44 bags and Type B to produce 16 bags to maximize profit of $440

Explanation:

Let X be the number of bags for Type A and Y be the number of bags for Type  B

                                      Cutter              Finisher

Type A                              2X                   1X    =   $6X

Type B                  <u>             1Y                   2Y     =  $11Y</u>

                                        104                  76

2x+1y= 104

1x+2y=76

y= 104-2x

x+2(104-2x) = 76

x+ 208-4x = 76

132= 3x

x= 44 bags

y= 104-2(44)

y= 16 bags

Type A should produce 44 bags and Type B 16 bags to maximize profit

Maximum Profit = 6X + 11Y

                         = 6(44) + 11(16)

                        = $440

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What market structure has many relatively small buyers and sellers, a standardized product, good information to both buyers and
Ganezh [65]

Answer:

Perfect Competition

Explanation:

Perfect competition is a market characterized by many buyers and sellers that have full information and faces no barrier in entry and exit of the markets. It is the ideal form of market structure where competition is at is greatest possible value. The numerous buyers and sellers are engaged in trade of a homogeneous good in the market. It is also characterized by no long run economic profit and no control over prices.

5 0
3 years ago
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Each year a cash grant is given to a deserving college student. The grant consists of the interest earned that year on a $440,00
Harlamova29_29 [7]

Answer:

The cash award will be equal;l to $444422.01

Explanation:

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Rate of interest r = 8.3%

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As the amount is compounded on daily basis

We know that 1 year = 365 days

So rate of interest r=\frac{1}{365}=0.00273 %

Time period n = 365

We know that final amount is equal to A=P(1+\frac{r}{100})^n

So A=440000(1+\frac{0.00273}{100})^{365}=444422.01$

So the cash award will be equal;l to $444422.01

6 0
3 years ago
Marlin Corporation reported pretax book income of $1,003,000. During the current year, the net reserve for warranties increased
Maksim231197 [3]

Answer:

Explanation:

pretax book income 1,003,000

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In order to find income tax expense or benefit, multiply the taxable amount by tax rate.

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3 years ago
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Suppose you’re evaluating three alternative MMMF investments. The first fund buys a diversified portfolio of municipal securitie
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1) After tax yield for each alternative will be calculated as;

Municipal Fund after-tax yield = 0.0395*(1-0.08)

Municipal Fund after-tax yield = 0.0395*0.92

Municipal Fund after-tax yield =  0.03634

Municipal Fund after-tax yield = 3.63

Taxable Fund after-tax yield = 0.057(1 - 0.35 -0.08)

Taxable Fund after-tax yield = 0.057*0.57

Taxable Fund after-tax yield = 0.03249

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New jersey municipal fund after-tax yield =

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3 years ago
The Laurel Corporation starts the year with a beginning inventory of 360 units at $11 per unit. The company purchases 530 units
Gala2k [10]

Answer:

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Giving the following information:

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Cost of goods sold= 180*11= $1,980

6 0
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