A Company Makes Products a and B from 2 Resources

question 19

Essay

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 30 to make and demand is estimated to be 50 - .09 * Price of A. A unit of B costs 20 to make and demand is estimated to be 30 - .14 * 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 90 and 140.

Let X₁ = demand for As and X₂ = demand for Bs.
Let P₁ = price for As and P₂ = price for Bs.
Formulate the NLP for this company

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Definitions:

Distributed Practice

A learning strategy where practice is broken up into a number of short sessions over a longer period of time.

Proactive Interference

The occurrence in which earlier memories interfere with the retrieval of more recent memories.

Testing Effect

The enhanced memory performance and retention resulting from being tested on material as opposed to only studying it.

Repressed Memories

Repressed memories are memories that have been unconsciously blocked due to being associated with a high level of stress or trauma.