Hi, the correct answer is true. Hope I helped.
The chip manufacturer can maximize the monthly profit by using the objective function: z = 6X₁ + 7X₂ + 10 X₃
An objective function is a function that has the goal of maximizing or minimizing the model's value based on the relationship between the variables in the function.
The term "decision variables" refers to a group of variables that are responsible for regulating the objective function.
The decision variable for the quantity of the product 1, 2, 3 manufactured can be expressed as:
The objective function used in maximizing the profit is:
This is subjected to the constraint:
- 2X₁ + 3X₃ ≤ 120 (Tech A time and manufacturing limitation)
- 2.5X₁ + 3X₂ ≤ 120 (Tech B time and manufacturing limitation)
- 4X₂ ≤ 120 (Tech C time and manufacturing limitation)
- 3.5X₂ ≤ 120 (Tech D time and manufacturing limitation)
Learn more about objective function for maximizing profit here:
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Answer:
Government intervention,
Explanation:
because the government (Congress) only allows the U.S. Postal Services to access mailboxes.
Due to limited liability, unlimited lives, and ease of ownership transfer, the majority of U.S. businesses (in terms of number of businesses) are organized as corporations----False
Explanation:
As in large corporations there is a limited liability up to the amount of shares held by any person. The liabilities are limited and not unlimited.
Also, there is an ease in transfer of ownership as through sale in open market which generally is easily feasible and there are no such difficult processes of following these regulations of transferring ownership.
Also in corporations huge number of people can be involved, as there is no maximum limit of number of owners in corporations.
What type of business has two or more owners and unlimited personal liability?
A general partnership is a business owned jointly by two or more people. Advantages include: more resources and talents come with an increase in partners, and the business can continue even after the death of a partner. Disadvantages include: partnership disputes, unlimited liability, and shared profits.
Learn more about liability of business:
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<span>Suppose you have $100 in a savings account earning 2 percent interest a year. ... True or false: A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less.</span>