a.)suppose that it takes .5 labor hours to produce a product 1 (x1) and .8 labor...
a.)suppose that it takes .5 labor hours to produce a product 1 (x1) and .8 labor hours to to produce a product 2 (x2) and there are totally 450 labor hours available. write a constraint on the labor hours telling total number of hours to be used in production cannot exceed the available hours
b.)write a constraint to represent " number of product 1's must be at least as many as number of product 2's
Homework Answers
a)
x1 = no of units of product 1
x2 = no of hours of product 2
0.5x1 + 0.8x2 <= 450 hours
b)
number of product 1's must be at least as many as number of product 2's
x1 >= x2
x1-x2>= 0
Add Answer to:
a.)suppose that it takes .5 labor hours to produce a product 1
(x1) and .8 labor...
1.) Suppose it takes Zeeland 5 labor hours to make each car and 15 labor hours...
1.) Suppose it takes Zeeland 5 labor hours to make each car and 15 labor hours to make each robot, while it requires Antigo 1 labor hours to make each car and 10 labor hours to make each robot. Further suppose each nation has 90 labor hours available. 2.) What is the opportunity cost of one car for Antigo and for Zeeland? What about for one robot? 3.) Suppose each nation specializes according to comparative advantage and then trades with...
Suppose that: In Malaysia the unit labor requirement (ULR) to produce a pound of rice and a pencil are 1 and 2 hours of...
Suppose that: In Malaysia the unit labor requirement (ULR) to produce a pound of rice and a pencil are 1 and 2 hours of labor respectively; In Indonesia, the unit labor requirement to produce a pound of rice and a pencil are 2 and 3 hours respectively; each country has 10,000 hours of labor to allocate between the production of rice and pencils; and in autarky, Malaysia consumes 5,000 pounds of rice and 2,500 pencils. When trade occurs, the world...
Cursue a consumer with preferences described by (x1, x2) = x1 + x2 Suppose she faces...
Cursue a consumer with preferences described by (x1, x2) = x1 + x2 Suppose she faces prices pi 1 and P2 = 1/2 and that she has an income of I = 2. For your reference, the marginal utilities at a bundle (x1, x2) in this setting are given by MU (x1, x2) = 1 MU?(x), x2) = 2V x2 3(a) Write down the two equations which characterize the consumer's utility-maximizing bundle (X1.3) in this situation. In other words, write...
Suppose that each visor takes 0.10 direct labor hours to produce and Shadee pays its workers...
Suppose that each visor takes 0.10 direct labor hours to produce and Shadee pays its workers $11 per hour. Required: Determine Shadee's budgeted direct labor cost for May and June. (Do not round your intermediate values. Round your answers to 2 decimal places.) June May Budgeted Direct Labor Cost
In a Portfolio Selection problem, let X1, X2 and 3 represent the number of shares purchased...
In a Portfolio Selection problem, let X1, X2 and 3 represent the number of shares purchased for stocks 1, 2 and 3, which have selling prices of $45, $15 and $100 respectively. The returns on investment for stocks 1, 2 and 3 are 10%, 8%, and 13% of the amount of money invested respectively The investor has up to $40,000 to invest. One appropriate constraint would be: Select one: O a. 45x1 + 15x2 + 100x3 s 40,000; O b....
Suppose investment 1 (represented by X1) cannot be selected unless both investments 2 (represented by X2)...
Suppose investment 1 (represented by X1) cannot be selected unless both investments 2 (represented by X2) and 3 (represented by X3) are also selected. If investments 2 and 3 are selected, investment 1 does not have to be selected. Which constraint would enforce this condition? O 2X1 <-X2+X3 О x1--2x2 + 2x3
Using the information provided below, construct a linear model to maximize the profits for Puck a...
Using the information provided below, construct a linear model to maximize the profits for Puck and Pawn Company that produces hockey sticks and chess sets. Product Labor (Hr./Unit) Wood (Lb./Unit) Profit ($/Unit) Hockey Sticks (x1) 1 4 40 Chess Sets (x2) 2 3 50 Resource Availability: 40 hrs of labor per day; 120 lbs of wood Decision Variables: x1 = number of Hockey Sticks to produce; x2 = number of Chess Sets to produce Identify the Objective Function: Z =...
3 Gepbab Production Company uses labor and raw material to produce three products. The resource requirements...
3 Gepbab Production Company uses labor and raw material to produce three products. The resource requirements and sales price for the three products are as shown in Table 10. Currently, 60 units of raw material are available. Up to 90 hours of labor can be purchased at Sl per hour. To maximize Gepbab profits, solve the following LP: max z = 6X1 + 8X2 + 13X3 - L s.t. 3X1 + 4X2 + 6X3 - LS 0 2X1 + 2X2...
Consider the following function: where x1 2 0,0,A 0, 0<1. a) Suppose that the preferences of...
Consider the following function: where x1 2 0,0,A 0, 0<1. a) Suppose that the preferences of a consumer regarding the consumption of goods x1 and x2 are represented by function = f(x1,x2) above. Suppose also that the consumer is endowed with some disposable income Y > 0 and faces prices pı and p2 respectively for goods x1 and x2. i) Derive and describe the demand of the consumer for goods x1 and x2. [20 marks] i) Are demand functions affected...
It costs a company $12 to purchase an hour of labor and $15 to purchase a...
It costs a company $12 to purchase an hour of labor and $15 to
purchase a unit of capital. If L hours of labor and
K units of capital are available, then 0.05L
2/3K 1/3 machines can be produced. Suppose the company has
$100,000 to purchase labor and capital. What is the maximum number
of machines it can produce?
Note: before running Solver use some positive trial values for
the decision variables; labor and capital inputs cannot be
fractional and...
Suppose that: In Malaysia the unit labor requirement (ULR) to produce a pound of rice and a pencil are 1 and 2 hours of labor respectively; In Indonesia, the unit labor requirement to produce a pound of rice and a pencil are 2 and 3 hours respectively; each country has 10,000 hours of labor to allocate between the production of rice and pencils; and in autarky, Malaysia consumes 5,000 pounds of rice and 2,500 pencils. When trade occurs, the world...
Cursue a consumer with preferences described by (x1, x2) = x1 + x2 Suppose she faces prices pi 1 and P2 = 1/2 and that she has an income of I = 2. For your reference, the marginal utilities at a bundle (x1, x2) in this setting are given by MU (x1, x2) = 1 MU?(x), x2) = 2V x2 3(a) Write down the two equations which characterize the consumer's utility-maximizing bundle (X1.3) in this situation. In other words, write...
Suppose that each visor takes 0.10 direct labor hours to produce and Shadee pays its workers $11 per hour. Required: Determine Shadee's budgeted direct labor cost for May and June. (Do not round your intermediate values. Round your answers to 2 decimal places.) June May Budgeted Direct Labor Cost
In a Portfolio Selection problem, let X1, X2 and 3 represent the number of shares purchased for stocks 1, 2 and 3, which have selling prices of $45, $15 and $100 respectively. The returns on investment for stocks 1, 2 and 3 are 10%, 8%, and 13% of the amount of money invested respectively The investor has up to $40,000 to invest. One appropriate constraint would be: Select one: O a. 45x1 + 15x2 + 100x3 s 40,000; O b....
Suppose investment 1 (represented by X1) cannot be selected unless both investments 2 (represented by X2) and 3 (represented by X3) are also selected. If investments 2 and 3 are selected, investment 1 does not have to be selected. Which constraint would enforce this condition? O 2X1 <-X2+X3 О x1--2x2 + 2x3
3 Gepbab Production Company uses labor and raw material to produce three products. The resource requirements and sales price for the three products are as shown in Table 10. Currently, 60 units of raw material are available. Up to 90 hours of labor can be purchased at Sl per hour. To maximize Gepbab profits, solve the following LP: max z = 6X1 + 8X2 + 13X3 - L s.t. 3X1 + 4X2 + 6X3 - LS 0 2X1 + 2X2...
Consider the following function: where x1 2 0,0,A 0, 0<1. a) Suppose that the preferences of a consumer regarding the consumption of goods x1 and x2 are represented by function = f(x1,x2) above. Suppose also that the consumer is endowed with some disposable income Y > 0 and faces prices pı and p2 respectively for goods x1 and x2. i) Derive and describe the demand of the consumer for goods x1 and x2. [20 marks] i) Are demand functions affected...
It costs a company $12 to purchase an hour of labor and $15 to
purchase a unit of capital. If L hours of labor and
K units of capital are available, then 0.05L
2/3K 1/3 machines can be produced. Suppose the company has
$100,000 to purchase labor and capital. What is the maximum number
of machines it can produce?
Note: before running Solver use some positive trial values for
the decision variables; labor and capital inputs cannot be
fractional and...
Most questions answered within 3 hours.
-
subject: (digital circuit: REGISTER, SYNCHRONOUS COUNTER
AND
ASYNCHRONOUS COUNTER.)
Question:
1. Explain about SISO, SIPO, PISO,...
asked 6 minutes ago -
From the tree Let's say ? = (?, ?) is undirected graph, with
self-loops or no...
asked 1 minute ago -
1 In a star-connected three-phase circuit, the line voltage Vac
lags the phase voltage Van by...
asked 5 minutes ago -
Write a program two classes that will complete this secret
square game. First download the driver...
asked 7 minutes ago -
what is the relationship between the concentration of
a strong electrolyte and it's electrical conductance?
asked 30 minutes ago -
Ayres Services acquired an asset for $110 million in 2018. The
asset is depreciated for financial...
asked 33 minutes ago -
Suppose that the life length (in hours) of a certain radio tube
is a continuous random...
asked 1 hour ago -
The gas phase decomposition of dinitrogen pentoxide at 335 K
N2O5(g) 2 NO2(g) + ½ O2(g)...
asked 54 minutes ago -
You notice your classmate is oscillating the free end of a taut
rope in a simple...
asked 55 minutes ago -
A D amino acid would interrupt an alpha-helix made of L-amino
acids. Another naturally occurring hindrance...
asked 1 hour ago -
A solution contains 15 ppm of benzene. The density of the
solution is 1.00 g/mL. This...
asked 1 hour ago -
What effect might wolf predation on deer have? Average mass of
wolf population will increase. Average...
asked 1 hour ago