A Singapore Company Manufactures 50-Inch and 75-Inch Rear Projection Television

question 1

Essay

A Singapore company manufactures 50-inch and 75-inch rear projection television sets.Each 50-inch set contributes $200 to profits and each 75-inch set contributes $475 to profits.The company has purchase commitments for 500 50-inch sets and 200 75-inch sets for the next month so they want to make at least that many.Although they think they can sell all the 50-inch sets that they could currently make, they do not think they can sell more than 375 75-inch sets.Their factory capacity allows them to make only 975 sets of both sizes total.They want to know how many of each type to make so as to maximize profits.
a.What is the objective function for this LP problem?
b.What are the constraints involving X1, assuming that X1 corresponds to 50-inch TV sets?
c.What is the optimal solution point for this problem?
d.What is the optimal value of the objective function?

Understand various writing styles used in social media and their appropriate application.

Recognize the importance of aligning brand voice with audience perception and social media strategy.

Distinguish between brand voice and tone and their interconnection.

Identify the need for strategic content creation and curation for engaging social media presence.

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Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level.

Price Elasticity

A metric evaluating the sensitivity of the amount of a good purchased to price fluctuations.

Demand Curve

A graph showing the relationship between the price of a product and the quantity of the product that consumers are willing to purchase.

Price Elasticity

A measure reflecting how demand for a particular good shifts with adjustments in its pricing.