The Whitt Window Company is a company with only three employees that makes two different kinds of hand-crafted windows: a wood-framed and an aluminum-framed window. They earned $60 profit for each wood-framed and $30 profit for each aluminum-framed window. Doug makes the wood frames, and can make at most 6 per day. Linda makes the aluminum frames, and can make at most 4 per day. Bob forms and cuts the glass, and can make at most 48 square feet of class per day. Each wood-framed window uses 6 square feet of glass and each aluminum-framed window uses 8 square feet of glass. The company wishes to determine the number of windows of each type to produce per day to maximize total profit
(a) Formulate a linear programming model for this problem.
(b) Use the graphical method to solve the problem.
Answers: 3
Business, 21.06.2019 18:30
Which of the following accurately describes one way that individual goods differ from public goods? a. people can be excluded from using individual goods if they don't pay. b. all individual goods are normal goods. c. demand for individual goods is always inelastic. d. consumer rivalry results in decreasing marginal utility for individual goods.2b2t
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Business, 22.06.2019 06:40
After the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy?
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Business, 22.06.2019 10:30
True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.
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Business, 22.06.2019 12:50
Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.
Answers: 3
The Whitt Window Company is a company with only three employees that makes two different kinds of ha...
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