Let M Be the Number of Units to Make and Let

question 29

Multiple Choice

Let M be the number of units to make and let B be the number of units to buy.If it costs $2 to make a unit and $3 to buy a unit,and 4000 units are needed,the objective function is

• A)Max 2M + 3B.
• B)Min 4000 (M + B).
• C)Max 8000M + 12,000B.
• D)Min 2M + 3B.

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Definitions:

Face Value

The nominal or dollar value printed on a financial instrument like a bond or stock certificate.

Premium

An amount paid for an insurance policy or an amount above the nominal value of a security or investment.

Market Rates

The prevailing interest or exchange rates in the financial markets at any given time.

Premium

The amount paid for an insurance policy or an addition to the standard cost or value of something.