The Rainwater Brewery produces beer, which it sells to distributors in barrels. The brewery incurs a monthly
Question:
The Rainwater Brewery produces beer, which it sells to distributors in barrels. The brewery incurs a monthly fixed cost of $12,000, and the variable cost per barrel is $17. The brewery has developed the following profit function and demand constraint:
Solve this nonlinear programming model for the optimal price (p).
Transcribed Image Text:
maximize Z = vp $12,000 17v  subject to v = 1,800 15 p
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
Putting the value of v 1800 15p in the objective function and di...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions

A brewery produces castle beer which is distributed in barrels. The brewery incurs a monthly fixed cost of R12, 000 and a variable cost per barrel of R20. The brewery has developed the following...

The Rainwater Brewery produces Rainwater Light Beer, which it stores in barrels in its warehouse and supplies to its distributors on demand. The demand for Rainwater is 1,500 barrels of beer per day...

The Rainwater Brewery produces beer. The annual fixed cost is $150,000, and the variable cost per barrel is $16. Price is related to demand, according to the following linear equation: v = 75,000 ...

Question 2 A company manufactures and sells x units of audio system per month. The cost function and the price function (in RM) are given as below. Cost: C(x) = 40,000 + 600 x Price: p(x) = 3,000 ...

The accompanying table gives the annual U.S. demand and supply schedules for pickup trucks. a. Plot the demand and supply curves using these schedules. Indicate the equilibrium price and quantity on...

There are 650,000 people in a city. Every 15 minutes, the local radio and television stations broadcast a tornado warning. During each 15minute time period, 42% of the people who had not yet heard...

Understand the major factors that influence decision making in organizations. LO.1

Project Evaluation. The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $40. The unit cost of the giftware is $25. YearUnit Sales 1...

Farrugla Corporation produces two intermediate products, A and B, from a common input. Intermedlate product A can be further processed into Product X. Intermediate product B can be further processed...

When Katarina, a 22yearold did well in her job interview, the manager (Gary) of KompuSoft, an Australian company that has a niche market in the design of training DVDs offered her (Katarina) a job...

As part of an aggressive expansion plan, StarTrack Coffee is planning to open three new retail stores in the city. The following table shows the location factors it considers to be important...

For Problem 44, develop your own pairwise comparisons for and among the criteria using your own knowledge of Civil War history and any Internet research you might perform, and develop your own AHP...

What are slack variables? (p. 681)

Based on the case, Insights Analytics: Technology for a Knowledge Management Program attached . Please explain all 8 points. Explanation of each point should be 300words . Please attach the reference...

When women were finally allowed to become pilots of fighter jets, engineers needed to redesign the ejection seats because they had been originally designed for men only. The ejection seats were...

What will be the output of the following code snippet? with open ("hello.txt", "w") as f: f.write("Hello World how are you today") with open('hello.txt', 'r') as f: data = f.readlines () for line in...

Assume that females have pulse rates that are normally distributed with a mean of p = 72.0 beats per minute and a standard deviation of o = 12.5 beats per minute. Complete parts (a) through (c)...

The proposed rates were not in the range the CEO expected given the pricing analysis. The CEO has asked the pricing actuary to verify the total projected loss cost excluding potential large storm...

A vector field F is shown. Use the interpretation of divergence derived in this section to determine whether div F is positive or negative at P 1 and at P 2 . 2 2 2. 2.

A statistical study shows that the fraction of television sets of a certain brand that are still in service after x years is given by f (x) = e0.15x. (a) What fraction of the sets are still in...

JAL Trading is a Hong Kong manufacturer of electronic components. During the course of a year it requires container cargo space on ships leaving Hong Kong bound for the United States, Mexico, South...

County Hospital orders syringes from a hospital supply firm. The hospital expects to use 40,000 per year. The cost to order and have the syringes delivered is $800. The annual carrying cost is $1.90...

County Hospital orders syringes from a hospital supply firm. The hospital expects to use 40,000 per year. The cost to order and have the syringes delivered is $800. The annual carrying cost is $1.90...

Production numbers for 2 shifts are shown. The shift supervisor of Shift 2 insists to the production manager that her operators are more productive than the ones on Shift 1. Using a confidence level...

In a class, the scores that students got are as shown. What are the 25, 50, 75 and 100th percentiles for the data? 84 84 98 80 89 83 85 56 85 84 84 74 84 81 83 80 45 86 67 79 81 78 76 85 83 77 86 83...

Number of points made by Teams A and B are shown. Which statement is true based on running the FTest TwoSample for Variances in the Data Analysis pack in Excel? Use a confidence level of 10% to...
Study smarter with the SolutionInn App