A graphical approach was used to solve the following LP model in problem. Maximize profit+ $4x +$5y

Fantastic news! We've Found the answer you've been seeking!

Question:

A graphical approach was used to solve the following LP model in problem.

Maximize profit+ $4x +$5y

Subject to the constraints

5x+2y ≤ 40

3x +6y ≤ 30

x ≤ 7

2x – y ≥ 3

x, y ≥ 0

Use the graphical solution to answer the following questions. Each question is independent of the others.

Determine if (and how ) the following changes would affect the optimal solution values and or profit.

a. A technical breakthrough raises the profit per unit of Y to $10.

b. The profit per unit of X decreases to only $2.

c. The first constraint changes to 5x + 2y ≤ 54.

Related Book For answer-question

Managerial Decision Modeling with Spreadsheets

ISBN: 978-0136115830

3rd edition

Authors: Nagraj Balakrishnan, Barry Render, Jr. Ralph M. Stair

See More Books

Posted Date: Dec 04, 2020 10:32 AM

See More Questions

A graphical approach was used to solve the following LP model in Problem 2-14: Maximize profit = $4X + $5T Subject to the constraints 20
A graphical approach was used to solve the following LP model in Problem 2-16: Minimize cost = $4X + $7T Subject to the constraints 2X +3Y> 60 4X + 2Y > 80 X $24 >0
A graphical approach was used to solve the following LP model in Problem 2-15: Maximize profit = $4X + $3T Subject to the constraints 3XY 27 X, Y >0
Repeat Example 13.1, but for electrophilic substitution at C-2 or C-4 of pyridine. Explain why substitution at C-3 (eq. 13.2) is preferred. 4 H
Parker Water's $200,000 whole-life insurance policy has a cash value of $11,288. Parker is 60 years old, smokes, and is converting to an extended term policy for the same face value. Use 10-year...
Bliss Company owns an asset with an estimated life of 15 years and an estimated residual value of zero; it uses the straight-line method of depreciation. At the beginning of the sixth year, the...
Payroll and benefits are commonly outsourced. Discuss which parts of PM, compensation, benefits, and payroll you would consider outsourcing; justifying your views.
Peninsula Company owns an 80% controlling interest in Sandbar Company. Sandbar regularly sells merchandise to Peninsula, which then sells to outside parties. The gross profit on all such sales is...
In the year just ended, Gemini Motor Parts had sales of $5,000,000 and incurred a cost of goods sold equal to $4,500,000. The firm's operating expenses were $130,000 and it has $1,000,000 in...
The file P02_07.xlsx includes data on 204 employees at the (fictional) company Beta Technologies. For this problem, consider this data set as the population frame. a. Using the method in this section...
Ferris Company reported total stockholders' equity of $237,500. During the following year, Ferris Company earned net income of $75,000, issued 5,000 shares of $1 par common stock at an average market...
An article in the Economist magazine on crowd-funding argued: Start-ups are especially needy now, since many banks are loth to lend even to well-established companies. a. Why might banks be reluctant...
An article in the Wall Street Journal notes that investors tend to view [preferred stock] more like bonds than like [common] stock. a. In what sense is preferred stock more like bonds than like...
An article in the Economist magazine observes: Insurance companies often suspect the only people who buy insurance are the ones most likely to collect. a. What do economists call the problem being...
A student makes the following observation: The Dow Jones Industrial Average currently has a value of 13,500, while the S&P 500 has a value of 1,500. Therefore, the prices of the stocks in the DJIA...
At a used car lot, a nearly new car with only 2,000 miles on the odometer is selling for half the cars original price. The salesperson tells you that the car was driven by a little old lady from...
Elaborate on three primary benefits associated with establishing a corporation as opposed to opting for a sole proprietorship or partnership structure.
The Pletcher Transportation Company uses a responsibility reporting system to measure the performance of its three investment centers: Planes, Taxis, and Limos. Segment performance is measured using...
Figure 5.23 shows a network of nodes. Any sequence of activities that takes a flow of one unit from node 1 to node 6 will produce a widget. For example, one unit flowing from node 1 to node 4 to node...
A paint company has two types of bases from which it blends two types of paints: Tuffcoat and Satin- wear. Each base has a certain proportion of ingredients X, Y, and Z, as shown in the table at the...
(a) Suppose that Strollers-to-Go could purchase additional fabrication time at a cost of $10.50 per hour. Should it be interested? Why or why not? What is the most that it would be willing to pay for...
Nairobi Co. has an authorized share capital of 500,000 ordinary shares of 1 each. The following trial balance was extracted from the accounts as at 31 December 20X7. The following matters are to be...
The following income statement and balance sheet have been prepared for Joburg Co. After the accounts were prepared, the following information became available. 1. Interest payable on the long-term...
Hobart Co. purchases a truck on 1 July 20X7 for 200,000. The truck should last for five years and then could be sold for 40,000. The financial statements are made up to the year ended 31 December,...

A graphical approach was used to solve the following LP model in problem. Maximize profit+ $4x +$5y

Question:

Expert Answer:

Managerial Decision Modeling with Spreadsheets

Students also viewed these accounting questions