Question: Help me answer this question please. Q1.Mike produces two types of cups (Type 1 and Type 2).A type 1 cup needs twice as much labor

Help me answer this question please.

Q1.Mike produces two types of cups (Type 1 and Type 2).A type 1 cup needs twice as much labor time as a Type 2 cup. If all the available labor time is dedicated to Type 2 cup alone, the company can make a total of 440 Type 2 cups a day.The respective market limits for the two types are 150 and 200 cups per day. The revenue is $6 per Type 1 cup and $4 per Type 2 cup. Let p, q be the number of Type 1 cups and Type 2 cups made per day respectively. The company plans to maximize its revenue.

Formulate the problem as a linear program
Use the graphical solution to determine the optimal solution
If the daily demand limit on Type 1 cup is decreased to 120, does the optimal solution changed?
How much can the market limit increase for Type 2 cup when the optimal solution remains

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Reddy produces two types of cups (Type 1 and Type 2).A Type 2 cup needs twice as much labour time as a Type 1 cup. If all the available labour time is dedicated to Type 1 cup alone, the company can...

Reddy produces two types of cups (Type 1 and Type 2). A Type 1 cup needs twice as much labour time as a Type 2 cup. If all the available labour time is dedicated to Type 2 cup alone, the company can...

Reddy producestwo type pf cups (Type 1 and Type 2). A Type 1 cup needs twice as much labour time as a Type 2 cup. If allthe available labour time is dedicated to type 2 cup alone, the company can...

( please answer on apaper ) Wild West produces two types of cowboy hats. Type 1 hat requires twice as much labor time as a type 2 . If all the available labor time is dedicated to type 2 alone, the...

Please answer in details Question 4 (20 points) Consider the following decentralized real business cycle model with no trend growth. There is a continuum of households and the representative...

$ Help tutors.. Question 2 (20 points) Consider the following extension of the Mortensen-Pissarides model in continuous time. Labor force is normalized to 1, but there are two types of workers, Type...

it is goal programming with weights method, please show all work (LP + full consttaints) thanks Company X produces two types of PRODUCTS. Type I requires twice as much labor as a Type II. Type I...

please help Question 3 {0 posits} Consider the standard growth model in discrete time. There is a large number of identical households normalized to 1. Each household maximises lite-time discounted...

Please help Question 3 (20 points) Consider the standard growth model in discrete time. There is a large number of identical households normalized to 1. Each household maximizea life-time discounted...

Problem No. 2 Company X produces two types of PRODUCTS. Type I requires twice as much labor as a Type II. Type I takes c minutes per unit. - The respective market demand for the two products are 150...

Read Erin Andrews Privacy Invasion Case and write a paper on it.

Find Vx in the circuit shown. 24 W

How should intangible assets be reported on the balance sheet? 1 ) As a reduction of stockholders equity 2 ) At cost in the current assets section 3 ) At the estimated market value at the balance...

2023 1040 form 1.Phillip and Claire are married and file a joint return. Phillip is self-employed as a real estate agent, and Claire is a flight attendant. Phillip and Claire have three dependent...