Answer:
Optimal production quantity for the Tiptop model pen is 7.5 lot
Explanation:
Say, X and Y is the is the fliptop and tiptop quantity respectively, then
Profit = 1000*(X + Y)
Objective function: Maximize 1000*(X+Y) subject to;
Eq:1 3X+4Y=< 36
Eq:2 5X+4Y=< 40
Eq:3 5X+2Y=< 30
Using Excel Solver, we get:
Optimal production quantity for the Tiptop model pen is 7.5 lot
Income demand curve ? Well I know it probably has something to do with money
Answer:
insurance company will pay $75 to Alfred.
Explanation:
given data
Actual cost of camera = $200
Alfred cost of camera = $150
Life expectancy = 6 years
solution
we get here first Remain life of camera that is
Remain life of camera = 6 years - 3 years
Remain life of camera = 3 years
and
now we get here current cost of the camera that is
current cost of camera = Alfred cost of camera × (Remain life of camera ÷ Life expectancy) ........................1
put here value and we get
Current cost of camera = $150 × 
Current cost of camera = $75
so that insurance company will pay $75 to Alfred.