Sara's Sensible Critters Makes Two Kinds of Catnip Toys: Balls

question 26

Essay

Sara's Sensible Critters makes two kinds of catnip toys: balls (x1) and mice (x2). The relationship between demand and price for balls and mice is:
x₁ = 1800 - 150p₁
x₂ = 1500 - 300p₂
The cost for a catnip ball is $2 and for the mouse, $3.
Sara has only 200 ounces of catnip on hand. A ball uses a tenth of an ounce and a toy mouse uses one-quarter of an ounce.
-Write the formulation for this problem

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Definitions:

Organizational Responses

The ways in which organizations react to internal and external pressures, challenges, or changes in their environment.

Uncertainty

The state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.

Mission Statement

A formal summary of the aims and values of a company, organization, or individual.

Action Statement

A clear, concise declaration outlining specific actions to be undertaken to achieve a certain objective.