An Electronics Firm Produces Two Models of Pocket Calculators: the A-100

question 46

Multiple Choice

An electronics firm produces two models of pocket calculators: the A-100 (A) and the B-200 (B) . Each model uses one circuit board, of which there are only 2,500 available for this week's production. In addition, the company has allocated a maximum of 800 hours of assembly time this week for producing these calculators. Each A-100 requires 15 minutes to produce while each B-200 requires 30 minutes to produce. The firm forecasts that it could sell a maximum of 4,000 of the A-100s this week and a maximum of 1,000 B-200s. Profits for the A-100 are $1.00 each and profits for the B-200 are $4.00 each.
-What is the objective function?

• A)P = 4A + 1B
• B)P = 0 25A +1B
• C)P = 1A + 4B
• D)P = 1A + 1B
• E)P = 0 25A + 0 5B

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Definitions:

John Stuart Mill

A British philosopher, political economist, and civil servant known for his contributions to social theory, political theory, and utilitarianism.

Freedom Of Choice

The right or ability of individuals to make decisions for themselves without undue influence or constraint from others.

Social Well-being

The condition in which an individual's or group's basic social needs are met and they live in a harmonious and supportive environment.

Paternalistic Approach

A decision-making strategy in which authority figures restrict the freedoms of those subordinate to them for their own good, often without their consent or input.