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lukranit [14]
3 years ago
12

The maximum production of an oil refinery is 1400 barrels per day. The refinery can produce two types of fuel: gasoline and heat

ing oil. The production cost per barrel if $6 for gasoline and $8 for heating oil. The daily production budget is $9600. The profit is $3 per barrel on gasoline and $4 per barrel on heating oil. What is the maximum total profit that can be realized daily
Business
1 answer:
qwelly [4]3 years ago
7 0

Answer:

Maximum total profit = $4,800

Explanation:

When a business is faced with a problem of shortage of a resource which can be used to produced more than one product type, to maximize the use of the resource , the business should allocate it for production purpose in such a way that it maximizes the contribution per unit of the scare resource.

Therefore the Company should allocate the budget cost  to maximize the profit per production cost. This is done as follows:

Calculate the profit per budget cost and rank the product

                                              Gasoline      Heating oil

Profit per product cost         3/6=0.5                    4/8= 0.5

The two products produce the same profit per dollar of cost which is $0.5. So, they are equally ranked.

So the total profit= the budget cost × profit per budget

                           = 9,600× $0.5 =$4,800

Maximum total profit = $4,800

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Answer:

Limit access to private information by friending someone

Explanation:

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There however needs to be consideration of the person's privacy in doing this.

There should be use of only publicly available information, background check can be done by a third party that is not making hiring decision, and do not request username and password for social media platforms.

It is not best practice to befriend a person on social media in order to obtain their private information.

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Pharma One’s analgesic drug KleenKare has a 50% share in the analgesics market in the country of Syria. Its closest competitor,
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Answer:

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The statement that indicates that KleenKare is a cash cow according to the the Boston Consulting Group (BCG) matrix is:

2. The demand for analgesic drugs in the Syrian market is expected to maintain a low-growth, high-share status.

Explanation:

A cash cow depicts the BCG matrix quadrant where there are higher returns, high market share in a low-growth market.  The cash cow requires little investment to generate high returns.  It also provides the cash for financing the other quadrants (dogs, stars, and question marks).  Basically, the BCG matrix, also known as the Growth/Share Matrix, depicts the products' growth opportunities.

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3 years ago
Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently
V125BC [204]
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I hope I was able to answer your question. Thank you and have a good day.
6 0
3 years ago
What is an essential government role in market economies select one of the options below as your answer:
slavikrds [6]
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2 years ago
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Answer:

are records of increases and decreases in individual financial statement items

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3 years ago
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