Write the Constraint Inequalities and the Profit Formula for This

question 94

Essay

Write the constraint inequalities and the profit formula for this linear programming mixture problem: The Dig-the-Pig ham shop sells regular and special ham and cheese sandwiches. The regular is made of 5 oz of meat, 0.7 oz of cheese, and requires three minutes of preparation time. The special is made of 7 oz of meat, 0.6 oz of cheese, and requires 11 minutes of preparation time. The profit on a regular sandwich is 10 cents while the profit on a special sandwich is 40 cents. If Dig-the-Pig has 350 oz of meat, 42 oz of cheese, and 330 minutes of preparation time available each lunch period, how many of each type of sandwich should they try to sell to maximize profit?

Discuss the role of economic integration in promoting international trade.

Understand the historical context and consequences of major trade laws and policies.

Understand the legal obligations and liabilities of corporations regarding dividends, debts, and breaches.

Comprehend the characteristics and advantages of incorporation, including limited shareholder liability and ease of share transferability.

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Definitions:

Spot Exchange Rate

The current exchange rate at which a foreign currency can be bought or sold for immediate delivery.

Forward Exchange Rate

The forward exchange rate is the agreed-upon exchange rate for a currency pair to be traded on a future date, used to hedge against currency risk.

Foreign Exchange Market

A financial market in which the currencies of different countries are traded.

Direct Quote

A representation of the exchange rate between two currencies, stating how much of the home currency is required to buy one unit of the foreign currency.