The Following Questions Pertain to the Problem and Spreadsheet Below

question 46

Multiple Choice

The following questions pertain to the problem and spreadsheet below.
A company makes products A and B from 2 resources, labor and material. The company wants to determine the selling price which will maximize profits. A unit of A costs 25 to make and demand is estimated to be 20 - .10 * Price of A. A unit of B costs 18 to make and demand is estimated to be 30 - .07 * Price of B. The utilization of labor and materials and the available quantity of resources is shown in the table. A reasonable price for the products is between 100 and 200.
Let X₁ = demand for As and X₂ = demand for Bs.
Let P₁ = price for As and P₂ = price for Bs

-Refer to Exhibit 8.1. What formula is used in cell B7 of the spreadsheet for this problem?

• A)= 30 - .07 * C3
• B)= 20 - .1 * B3
• C)= B3 -B4
• D)= B5 * B7 + C5 * C7

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Definitions:

Camille Pissarro

Camille Pissarro was a Danish-French Impressionist and Neo-Impressionist painter known for his contributions to both movements and his focus on landscapes and rural scenes.

Painted From

Typically refers to the practice of artists creating their works by observing and reproducing their subjects directly, often in real-time or from a specific viewpoint.

Viewpoint

The position or perspective from which something is considered or evaluated, often used in the context of visual arts and photography.

The Apparition

A term that can refer to a specific artwork or the phenomenon of an unexpected or supernatural appearance, often of a figure or being.