Question: Questions 3 , 4 , and 5 are based on the following problem: The Go - Go Toy Company manufactures two different toys: cars and
Questions and are based on the following problem:
The GoGo Toy Company manufactures two different toys: cars and trucks. Both toys require wheels and plastic to produce them:
Each car requires wheels and oz of plastic.
Each car can be sold for $ profit.
Each truck requires wheels and oz of plastic.
Each truck can be sold for $ profit.
As it stands, the company has wheels and oz of plastic available and wants to maximize its financial performance.
Question
Not yet answered
Marked out of
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 wheels and oz of plastic?
b
How many cars and trucks should the company produce to minimize expenses, while using no more than wheels and oz of plastic?
c
How many cars and trucks should the company produce to minimize expenses, while using no fewer than wheels and oz of plastic?
d
How many cars and trucks should the company produce to maximize its profits, while using no fewer than wheels and oz of plastic?
Question
Not yet answered
Marked out of
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 $A $B You want to maximize this value.
b
Profit $A $B You want to minimize this value.
c
Profit A B You want to maximize this value.
d
Profit A B You want to minimize this value.
Question
Not yet answered
Marked out of
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 A B This value must not exceed oz
b
Total plastic used A B This value must not exceed oz
c
Total plastic used A B This value must not exceed units.
d
Total wheels used A B This value must not be less than wheels.
e
Total wheels used A B This value must not exceed wheels.
f
Total wheels used A B This value must not exceed wheels.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
