Answer and Explanation:
(a)
Variables are given as follows
Total number of cars, C1
Total number of trucks, T1
(b)
Our aim is to maximize the total profit of Green Vehicle Inc.
Max z = 300T1 + 220T1
(c)
In this question, we have limitations, which are
0.025T1 + 0.017C1 ≤ 1
0.020T1 + 0.020C1 ≤ 1
hence attached below are the excel solutions to the problem
Answer:
The computation of given question is shown below:-
Explanation:
One year ago
Quantity supplied = 600 + 4P
Quantity demanded = 9,000 - 8P
600 + 4P = 9000 - 8P
Price one year ago = $700
Quantity one year ago = 3,400
Current market:-
Quantity supplied = 4200 + 4P
Quantity demanded = 9,000 - 8P
4,200 + 4P = 9,000 - 8P
Price for current market = $400
Quantity for current market = 5,800
C(Q) = 1,200 + 15Q2
A representative firm in a competitive market would produce steel where MC = P
MC = dC ÷ dQ = 30Q
The raw steel does a representative firm produce when the market price is $700
30Q = 700
Q = 23.33
The raw steel does a representative firm produce when the market price is $400
30Q = 400
Q = 13.33
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
1 Pound T-bone:
Selling price ($7.95 per pound) $ 7.95
Joint costs= $3.80
Profit per pound $ 4.15
Further process:
It costs $0.55 to further process one T-bone steak.
6-ounce filet mignon and one 8-ounce New York cut.
The filet mignon can be sold for $12.00 per pound, and the New York cut can be sold for $8.80 per pound.
A) Filet mignon: $12.00 pound
1 ounce= 16 ounce
0.375= 6 ounce
Price= 0.375*12= $4.5
New York cut= $8.80 a pound
Price= 0.5*8.80= $4.4
Sales= 4.5+4.4= $8.9
Costs= 3.80 + 0.55= 4.35
Profit= $4.55
B) It is more profitable to further process the T-bone stake by $0.40.
