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elena-14-01-66 [18.8K]
2 years ago
8

Question 1 A small company manufactures three different electronic components for computers. Component A requires two hours of f

abrication and 1 hour of assembly. Component B requires 3 hours of fabrication and 1 hour of assembly. Component C requires 2 hours of fabrication and 2 hours of assembly. The company has up to 1,000 labor-hours of fabrication time and 800 labor-hours of assembly time available per week. Due to storage restrictions, the combined total number of components produced each week cannot exceed 420. The profit on each component A, B, and C is $7, $8 and $10 respectively. How many components of each type should they company manufacture each week in order to maximize profit, assuming that all components can be sold
Business
1 answer:
Nonamiya [84]2 years ago
7 0

Answer: A should be A=200, B should be B=0, and component C should be C=350. This will lead to a maximum profit of$4550.

Explanation:

Let A, B, and C be the number of components of types A, B, and C that the company should manufacture each week. The aim is to maximize the profit. Profit per unit of A, B, and C is $7, $8, and $10, respectively. So, formulate the objective function as follows :MaxP=7A+8B+10C

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Economics!!
mina [271]

It's  D. U.S. factories begin to

produce far fewer goods.

7 0
2 years ago
You own a small store. Your cashier thinks you should lower prices to increase your total revenue and your friend thinks you sho
Helga [31]

Answer:

<u>A. elastic;</u> <u>inelastic </u>

Explanation:

Price elasticity of demand refers to degree of responsiveness of quantity demanded of a good with respect to a change in the price. It is mathematically expressed as:

\frac{dQ}{dP} \ *\ \frac{p}{q}

wherein dQ= Change in quantity demanded

              dP = Change in price

              p = Original Price

              q = Original quantity

Total revenue refers to total receipts of a firm from the sale of a good.

When price elasticity of demand is less than 1, it refers to inelastic demand which further means, the change in quantity demanded is less w.r.t change in price.

Similarly, when price elasticity of demand is greater than 1, it signifies change in quantity demanded is more w.r.t change in the price.

In the given case, the cashier thinks lowering prices will increase the total revenue. This indicates the cashier believes the demand to be elastic.

Similarly, the friend's belief of increased prices leading to increased total revenue signifies inelastic demand.

7 0
3 years ago
A city assesses property owners $50 million to extend sewer lines to their neighborhood. By year-end, however, it has not begun
serg [7]

Answer:

Recognize the assessments as assessments receivable and revenue.

Explanation:

Practically, this will result in a receivable in the reserve fund, if the amounts are not received when due.

This could be seen when an/a corporation may decide on the amount of an assessment years before the cash is been used.

But cannot really obtain the revenue at the time of the decision, since the corporation can change its decision up until the day the amount is due. Also there are no specific parties being assessed, until the owner on record is known on the day the assessment is due, also the assessment should be recognized as revenue of the reserve fund when due.

4 0
2 years ago
Alex and J.J. Both apply for two job openings in the same department at a law firm in Chicago. They both interview very well and
denis23 [38]

Solution :

In the context, it is given Alex and J.J. both are applying for a job openings in a law firm at Chicago. Both of them got the job offer but J.J. got lower salary than Alex. The salaries are different for both J.J and Alex. Some of the possible explanations for the difference in salaries that may be related to some scenarios are :

  • Alex went to higher tier law school  ----  difference in education
  • J.J. is reentering the workforce after two years away  ---  difference in experiences.
  • Alex will be working with a notoriously difficult boss  ---  compensating differentials.
  • Alex is a man and J.J. Is a woman  ---  economic discrimination.

                         

8 0
3 years ago
Kirk Furniture factors $800000 of receivables to Sulu Factors, Inc. Sulu Factors assesses a 4% service charge on the amount of r
Simora [160]

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $768,000

Service Charge Expense A/c $32,000

         To Accounts Receivable A/c $800,000

(Being the cash is received and the remaining balance is debited to the cash account )

The computation of the service charge expense is shown below:

= Accounts Receivable  × service charge percentage

= $800,000 × 4%

= $32,000

6 0
3 years ago
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