Homework Answers
a) Changing cells is B10:C10
This is because inorder to minimize cost we find the optimum quantity of the units hence it changes as per constraints and hence varies total cost.
b)Option 2
The entire part provides the information according to which the problem has to be solved. It provides info on cost per unit and the given constraints.
c) Option 4
This is because the problem wants to minimise the total cost and hence the total cost is the objective call.
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1. 2. A E 3 4 5 6 7 8 9 B D Budget Assumptions For...
1.
2.
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Two countries produce oil. The per unit production cost of Country 1 is C1 = $2 and of country 2 it is C2 = $4. The total demand for oil is Q-40-p where p is the market price of a unit of oil. Each country can only produce either 5 units, 10 units or 15 units. The total production of the two countries in a Nash equilibrium is 10 15 20 25 30
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1.
2.
A E 3 4 5 6 7 8 9 B D Budget Assumptions For the months of January, February, and March January February Selling price per unit $200 $200 Budgeted sales (units) 12,000 15,000 Budgeted sales (units) April Budgeted production (units) April Ratio of ending finished goods inventory to next month's sales Ratio of ending raw materials inventory to next month's requirements Number of units in finished goods inventory, January 1 Number of pounds in raw materials inventory,...
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