A Company Blends Silicon and Nitrogen to Produce Two Types

question 40

Essay

A company blends silicon and nitrogen to produce two types of fertilizers.Fertilizer 1 must be at least 40% nitrogen and sells for $75 per pound.Fertilizer 2 must be at least 70% silicon and sells for $45 per pound.The company can purchase up to 9000 pounds of nitrogen at $16 per pound and up to 12,000 pounds of silicon at $12 per pound.Assuming that all fertilizer produced can be sold,determine how the company can maximize its profit.

Understand the socio-economic factors driving immigration patterns to the United States in the late 19th century.

Understand the characteristics and assumptions underlying pure competition in market structures.

Identify the features of demand and marginal revenue curves for purely competitive firms.

Differentiate between various market structures (pure competition, monopolistic competition, oligopoly, and monopoly) based on their defining characteristics.

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Definitions:

Investment Center

A segment or area of a business responsible for its own revenues, expenses, and investment in assets, often evaluated on its return on investment.

Authority

The ability or prerogative to issue commands, decide on matters, and compel adherence.

Decisions

The choices made by individuals or organizations among two or more alternatives.

Return On Investment

A financial metric used to evaluate the efficiency of an investment or compare the efficiency of several investments, calculating the return relative to the investment's cost.