A Company Makes Products a and B from 2 Resources

question 65

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 - 0.09 * Price of A. A unit of B costs 20 to make and demand is estimated to be 30 -0.14 * 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.
The NLP for the problem is:

What values should go in cells B3:E18 of the spreadsheet for this problem?

Analyze trends and income levels in health occupations.

Understand the relationship between health occupations and societal issues.

Recognize the employment growth prospects in the health sector.

Understand the impact of psychological and emotional factors on healthcare professionals.

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Definitions:

Complementary Skills

Abilities or expertise in different areas that, when combined, enhance the effectiveness or performance of a team or individual.

ESOPs

Employee Stock Ownership Plans, programs that provide a company's workforce with an ownership interest in the company.

Stock Certificates

Physical documents that represent ownership of a particular number of shares in a corporation.