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

question 50

Multiple Choice

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 appropriate expression for profit.

• A) Max Z = (p₁ - 3)x₁ + (p₁ - 2)_x2
• B) Max Z = (p1 + ₁)x₁ + (p₁ + 3)_x2
• C) Max Z = (p1 - ₁)x₁ + (p₁ - 3)_x2
• D) Min Z = (p1 -₁)x₁ + (p₁ - 3)_x2

---

Definitions:

Statement of Cash Flows

An accounting statement reflecting how shifts in balance sheet entries and earnings affect cash and cash equivalents, separated into areas of operating, investing, and financing.

Operating Activity

Activities directly related to the primary operations of a company, generating the main source of revenue and expenses.

Liability Section

A portion of the balance sheet that lists a company's obligations and debts, including both current and long-term liabilities.

Accounts Receivable

Accounts receivable are amounts owed to a business by customers for goods or services delivered but not yet paid for.