Minimize $c = 50 x + 50 y + 11 z$

question 29

Multiple Choice

Minimize $c = 50 x + 50 y + 11 z$
Subject to
$$\begin{aligned}2 x + z & \geq 8 \\2 x + y - z & \geq 4 \\3 x + y - z & \leq 6 \\x \geq 0 , y \geq 0 , z & \geq 0\end{aligned}$$

• A) \(c = 399\) , \(x = 5\) , \(y = 1\) , \(z = 9\)
• B) \(c = 494\) , \(x = 5\) , \(y = 4\) , \(z = 4\)
• C) \(c = 161\) , \(x = 2\) , \(y = 1\) , \(z = 1\)
• D) \(c = 344\) , \(x = 2\) , \(y = 4\) , \(z = 4\)
• E) no solution

Relate economic concepts like consumer surplus, producer surplus, and deadweight loss to market equilibrium.

Understand the role of the "invisible hand" in competitive markets and its impact on efficiency and innovation.

Understand the concepts of equilibrium, total revenues, and opportunity costs in purely competitive markets.

Identify the characteristics of a purely competitive market at long-run equilibrium.

---

Definitions:

Intramuscular Injections

A method of administering medication deep into the muscles, allowing the drug to be absorbed into the bloodstream.

Nurse's Aide

A healthcare worker who provides basic care to patients and assists with daily activities under the supervision of nursing staff.

Clinical Instructor

A healthcare professional who imparts practical training to students in a clinical setting, overseeing their application of theoretical knowledge to real-life medical scenarios.

Implied Consent

Permission that is assumed in an emergency when consent cannot be obtained from the client or a relative.