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
Arada [10]
3 years ago
15

The WorldLight Company produces two light fixtures (products 1 and 2) that require both metal frame parts and electrical compone

nts. Management wants to determine how many units of each product to produce so as to maximize profit. For each unit of product 1, 1 unitof frame parts and 2 units of electrical components are required. For each unit of product 2, 3 units of frame parts and 2 units of electrical components are required. The company has 200 units of frame parts and 300 units of electrical components. Each unit of product 1 gives a profit of $2, and each unit of product 2, up to 70 units, gives a profit of $4. Any excess over 60 units of product 2 brings no profit, so such an excess has been ruled out. Formulate a linear programming model for this problem. Use the graphical method to solve this model. What is the resulting total profit?

Business
1 answer:
Deffense [45]3 years ago
4 0

Answer:

Explanation:

a) x1 = number of unit product 1 to produce , and

x2 number of unit product 2 to produce

A linear program that will maximize world light profit is the following

maximize x_1+2x_2 subject to x_1+3x_2\leq 200

2x_1+2x_2\leq 300\\\\x_2\leq 60\\\\x_1\geq 0\\\\x_2\geq 0

Unit 1 is used both in products in 1 : 3 ratio which can be a maximum of 200 unit 2 is used in 2 : 2 ratio which can be maximum of 300

So, this can be written as the inequations

Profit functio is p = 0ne dollar on product A and two dollar on product B

= x + 2y

Now , we find a feasible area whose extremeties will give the maximum profit for, the  graph is ( see attached file )

So on the graph, we can get the other extremeties of the shaded regional so which will not give maximum profit ,

Thus , the maximum possible profit is

p = ($1 * 125) + ($2 * 25)

= $175

You might be interested in
illustrate the process needed in the three economic sectors to have the final product being a teddy bear
Zina [86]
Which make easier the measurement of economic activity in the three ..... the strategy used by firms that have as many different product
3 0
2 years ago
The result of the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions was to:____
postnew [5]

Answer: d. Make bribery of foreign officials a criminal offense but not consider facilitating payments a criminal offense.

Explanation:

In December 1997, signatories accounting for around 70% of World Trade adopted the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions which stated that countries must install Legislative laws that would prohibit the bribing of foreign officials as well as strict penalties for parties who engage in such. This was done to ensure that the playing field was level so to speak instead of one company getting special treatment because they paid for it.

One concern however was that the Convention did not consider Facilitating Payments a criminal offence which means that it could be used as a bypass for the bribery of foreign officials to still happen.  

8 0
3 years ago
You believe you will spend $47,000 a year for 13 years once you retire in 26 years. If the interest rate is 7% per year, how muc
nika2105 [10]

Answer:

Annual deposit= $8,896.79

Explanation:

Giving the following information:

You believe you will spend $47,000 a year for 13 years once you retire in 26 years.

The interest rate is 7% per year.

<u>First, we need to calculate the total amount required:</u>

FV= 47,000*13= $611,000

<u>Now, using the following formula, we can determine the annual deposit:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (611,000*0.07) / [(1.07^26) - 1]

A= $8,896.79

4 0
2 years ago
Assume that the size of the underground economy increases both absolutely and relatively over time. As a result: 1. the accuracy
givi [52]

Answer:

4) GDP will tend to increasingly understate the level of output through time.

Explanation:

The GDP includes all the final and legal goods and services produced within a country during a year, and underground economies usually involve illegal activities. Since the GDP does not include underground activities (e.g. unreported income, illegal drugs, prostitution, gambling, etc.), it will understate the true level of economic activity.

The GDP only includes activities that are subject to taxes, but some economists estimate that the size of the US underground economy is between $2.25 trillion to $2.46 trillion.

3 0
2 years ago
After successfully operating for five years, Tina plans to sell her computer service center. Which of the following would be Tin
Sunny_sXe [5.5K]

Answer:

Optimizing capital structure for profits

Explanation:

When an entrepreneur wants to sell her business to another small business or a larger company, she should try to maximize the value of their current business. A way to do this is by optimizing the business's capital structure (e.g. lower the debt to capital ratio). Tina will be able to sell her business at a higher cost and the new owner will have a healthier and potentially more profitable business to run.

8 0
2 years ago
Other questions:
  • Coleman Manufacturing Co.'s static budget at 10,000 units of production includes $40,000 for direct labor and $6,000 for electri
    10·1 answer
  • Tech Performance, Inc., completes programming and other tech services for Uno IT Products Corporation. When Uno IT’s computer sy
    8·1 answer
  • When a factory is operating in the short run,
    7·1 answer
  • A clothing store sends out messages to cell phones of loyal customers informing them about offers. What can be a probable reason
    6·2 answers
  • Hi how do i kiiill anything
    12·2 answers
  • Beach boards reports dividends per share of $1.40 and net income for the year of $150,000. dividend yield is 3.5%. what is beach
    8·1 answer
  • Ted and Lisa are selling their home and have signed a listing agreement. Client or customer? Steven visits Ted and Lisa's open h
    6·1 answer
  • Pensacola Inc. exchanged old equipment for new equipment in two exchange transactions. Each transaction has commercial substance
    14·1 answer
  • 1. Which of the following courses would be most helpful for a person wanting a career in
    7·2 answers
  • An increase in aggregate demand when the economy is operating at high levels of output is likely to result in:_____.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!