Use Graphical Methods to Solve the Linear Programming Problem

question 11

Multiple Choice

Use graphical methods to solve the linear programming problem.
-A math camp wants to hire counselors and aides to fill its staffing needs at minimum cost.The average monthly salary of a counselor is $2400 and the average monthly salary of an aide is $1100.The camp can accommodate up to 45 staff members and needs at least 30 to run properly.They must have at least 10 aides,and may have up to 3 aides for every 2 counselors.How many counselors and how many aides should the camp hire to minimize cost?

• A)27 counselors and 18 aides
• B)18 counselors and 12 aides
• C)35 counselors and 10 aides
• D)12 counselors and 18 aides

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Definitions:

Unsecured Promissory Note

A type of debt instrument that doesn’t require collateral but is backed only by the borrower's promise to pay the lender back.

Cash Conversion Cycle

The time it takes for a company to convert its investments in inventory into cash flows from sales.

Inventory System

An inventory system is a mechanism for tracking the sale, purchase, and storage of goods, facilitating efficient management and control of inventory.

DSO

Days Sales Outstanding, a financial metric that calculates the average number of days it takes a company to collect payment after a sale has been made.