Homework Answers
Let the amount of milk bought from Dairy 1 be X gallons
Amount bought from Dairy 2 will be ( 100 - X ) gallons
Cost = 2.40X + ( 100 - X ) 0.80 = 144.00
2.4X + 80 - 0.80X = 144
1.6X = 64
X = 64 / 1.6 = 40 gallons
ANSWER
Dairy 1 = 40 gallons Dairy 2 = 60 gallons
Fat = 40 X 3.9 % = 1.56
60 X 2.9% = 1.74
Maximum Amount of Butterfat = 1.56 + 1.74 = 3.3
b ) Dairy 1 = 50 - 40 = 10 gallons ( excess)
Dairy 2 = 90-60 = 30 gallons ( excess)
Answer is Option a i.e This capacity could be used while meeting other constraints.
Yes 10 more gallons can be brought from Dairy A and 30 more from Dairy B
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6. Breakdown of a cartel agreement
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wells that produce water safe for drinking. Tim and Alyssa can pump
and sell as much water as they want at no cost. For them, total
revenue equals profit. The following table shows the town's demand
schedule for water.
Price
Quantity Demanded
Total Revenue
(Dollars per gallon)
(Gallons of water)
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5.50
45
248
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90
450
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135...
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