1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
svlad2 [7]
3 years ago
8

A company is developing its weekly production plan. The company produces two products, A and B, which are processed in two depar

tments. Setting up each batch of A requires $60 of labor while setting up a batch of B costs $80. Each unit of A generates a profit of $17 while a unit of B earns a profit of $21. The company can sell all the units it produces. The data for the problem are summarized below.
Hours required by
Operation A B Hours
Cutting 3 4 48
Welding 2 1 36
The decision variables are defined as:
xi = the amount of product i produced
yi = 1 if xi > 0 and 0 if xi = 0
A spreadsheet implementation of the problem is shown below.
Q1. What is the objective function for this problem?
a. Maximize: 17x1 + 21x2 - 60y1 - 80y2
b. Minimize: 60y1 + 80y2
c. Minimize: 17x1 + 21x2 - 60y1 - 80y2
d. d. Maximize: 17x1 + 21x2
Q2. What is the appropriate formula to use in cell E8 of the Excel implementation of the ILP model for this problem?
a. =SUMPRODUCT(B8:C8,B14:C14) - SUMPRODUCT(B5:C5,B7:C7)
b. =SUMPRODUCT(B5:C5,B7:C7) - SUMPRODUCT(B8:C8,B14:C14)
c. =SUMPRODUCT(B5:C5,B7:C7) - SUMPRODUCT(B8:C8,B15:C15)
d. =SUMPRODUCT(B5:C5,B7:C7) - B8:C8
Q3. Which of the following algebraic constraints creates the link between setting up to produce A's and making some A's for this problem?
a. x1 - 18 y1 > 0
b. x1 - y1 = 0
c. = if(x1 > 0, y1 = 1, y1 = 0)
d. x1 < 16y1
Business
1 answer:
fiasKO [112]3 years ago
6 0

Answer:

The responses to this question can be defined as follows:

Explanation:

In question 1, the objective function to solve the given problem is: \text{Maximize:}  17x_1 + 21x_2 - 60y_1 - 80y_2

In question 2, "=\text{SUMPRODUCT}(B5:C5,B7:C7) - \text{SUMPRODUCT}(B8:C8,B14:C14) "

is the appropriate choice for the formula, which is using in cell E8, and it is also used in the ILP model.

In question 3, the choice "x_1 < 16y_1" is used in the algebraic constraint for creating the link between setting up to produce A's and making some A's.

You might be interested in
A monopolist faces a
Maru [420]

Answer:

C

Explanation:

8 0
3 years ago
________ involves the study of an individual's involuntary responses to marketing stimuli, including eye movement, heart rate, s
mixer [17]

Answer:

A. Neuromarketing

Explanation:

Neuromarketing uses functional magnetic resonance imaging and brain waves to study the involuntary responses to marketing stimuli of an individual

7 0
4 years ago
Nichols Corporation's value of operations is equal to $500 million after a recapitalization (the firm had no debt before the rec
oksian1 [2.3K]

Answer:

Value of equity $350 million

Explanation:

<em>The value of a levered firm is the sum of the value of equity and the value of debt securities</em>

The total value = Value of equity + Value of debt

Value of debt= 30% × 500

                       = $150 million

Value of equity = Value of company - Value of debt

 = $500 million - $150 million

= $350 million

4 0
4 years ago
In which of the following cases should the United States produce more noodles than it wants for its own use and trade some of th
balandron [24]

Answer:

A. Italy has a comparative advantage over the United States in producing wine.

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries. A country should specialise in the production of the good for whuch it has comparative advantage in and import goods for which it doesn't have comparative advantage in its production.

If Italy has comparative advantage in the production of wine and the US doesn't, Italy should produce wine and export to the US. While, US should produce pasta and export to Italy, if has a comparative advantage in the production of pasta.

A country has absolute advantage in the production of a good or service if it produces more quantity of the good when compared with other countries.

I hope my answer helps you

6 0
3 years ago
What are the reason why there is government revenue surplus?​
Virty [35]

Answer:

Impact on growth.

Explanation:

If the government is forced to increase taxes / cut spending to meet a budget surplus, it could have an adverse effect on the rate of economic growth. If government spending is cut, then it will negatively affect AD and could lead to lower growth. A budget surplus doesn't have to cause lower growth.

7 0
3 years ago
Other questions:
  • PLEASE HELP!! 35 POINTS!!!!
    9·1 answer
  • States may regulate incidental, not direct, aspects of interstate commerce if: A) the state is furthering a legitimate local int
    9·2 answers
  • 7. Assume that the standard hours allowed for the actual total output of the fabric plant are 115,000. Calculate the following v
    7·1 answer
  • Denise and Donna legally married each other in the state of New York. Later, when Donna got a job promotion and transfer, they m
    8·1 answer
  • A person decides to buy a book to read rather than buying a movie ticket. The movie ticket that the person has given up, is know
    11·1 answer
  • Rodney (a fictional person) was self-employed, running a successful business, seemingly healthy, and never thought he would have
    14·1 answer
  • Lore Co. changed from the cash basis to the accrual basis of accounting during 2005. The cumulative effect of this change should
    8·1 answer
  • I Will give brain if u give one to me
    10·2 answers
  • What economic system focused on exports and acquiring precious metals?.
    6·1 answer
  • If the industry were a pure monopoly, the profit-maximizing price would be?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!