Suppose that we want to increase production of consumer goods to a total of 6 units. is it also possible to continue producing 7.5 units of capital goods ?

Consumer goods are goods produced with the help of Capital goods.

Capital Good=Machine and Machine Parts, Parts which are used in manufacture of a tool,

Consumer Good=Chocolate, Different Commodities, Car.

Capital goods last for longer period of time, whereas Consumer goods are manufactured again and again with the help of same Capital goods.

It is given that, we want to increase production of consumer goods to a total of 6 units.

Producing 7.5 ,units of capital goods is too high for producing 6 unit of Consumer good, as Capital good last for Longer duration of time.

tickets for the harlem globetrotters

show at michigan state university in

2010 cost $16, $23, or, for vip seats, $40.

total revenue = 16x + 23y + 40z

if 9 times as many $16 tickets were sold

as vip tickets,

x = 9z => x – 9z = 0, if 9 times as many $16 tickets were sold

as vip tickets,

x = 9z => x – 9z = 0, sales of all three kinds of tickets would

total $46,575.

16x + 23y + 40z = 46575, how many of each kind of ticket would

have been sold?

solve for x, y and z

x − 9z = 0

x − y − z = 55

16x + 23y + 40z = 46575

x = 1170

y = 985

z = 130

welcome!