Question: Questions 3 , 4 , and 5 are based on the following problem: The Go - Go Toy Company manufactures two different toys: cars and

Questions 3,4, and 5 are based on the following problem:
The Go-Go Toy Company manufactures two different toys: cars and trucks. Both toys require wheels and plastic to produce them:
Each car requires 4 wheels and 15 oz. of plastic.
Each car can be sold for $50 profit.
Each truck requires 6 wheels and 25 oz. of plastic.
Each truck can be sold for $75 profit.
As it stands, the company has 260 wheels and 1,400 oz. of plastic available and wants to maximize its financial performance.
Question 3
Not yet answered
Marked out of 1.00
Question text
Select the best description of the problem faced by the company:
Select one:
a.
How many cars and trucks should the company produce to maximize profits, while using no more than 260 wheels and 1,400 oz. of plastic?
b.
How many cars and trucks should the company produce to minimize expenses, while using no more than 260 wheels and 1,400 oz. of plastic?
c.
How many cars and trucks should the company produce to minimize expenses, while using no fewer than 260 wheels and 1,400 oz. of plastic?
d.
How many cars and trucks should the company produce to maximize its profits, while using no fewer than 260 wheels and 1,400 oz. of plastic?
Question 4
Not yet answered
Marked out of 1.00
Question text
Define the profits of this model by considering the decision that you need to make. Select the most appropriate profit function below:
Select one:
a.
Profit = $50A + $75B. You want to maximize this value.
b.
Profit = $50A + $75B. You want to minimize this value.
c.
Profit =4A +6B. You want to maximize this value.
d.
Profit =15A +25B. You want to minimize this value.
Question 5
Not yet answered
Marked out of 1.00
Question text
Consider the constraints of this model and select the two most appropriate mathematical descriptions for it.
Select more than one:
a.
Total plastic used =50A +75B. This value must not exceed 1,400 oz.
b.
Total plastic used =15A +25B. This value must not exceed 1,400 oz.
c.
Total plastic used =4A +6B. This value must not exceed 260 units.
d.
Total wheels used =4A +6B. This value must not be less than 260 wheels.
e.
Total wheels used =4A +6B. This value must not exceed 260 wheels.
f.
Total wheels used =50A +75B. This value must not exceed 260 wheels.

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 General Management Questions!