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:

External Objective

Goals or targets set by an organization that relate to interactions with elements outside of the organization, such as market share or customer satisfaction.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another. The obligated party is typically someone entrusted with the care of money or property, like a trustee or corporate officer.

Corporate Managers

Individuals responsible for making major decisions, overseeing daily operations, and implementing policies within a corporation to achieve organizational goals.

Law

A framework of norms established and applied by societal or state organizations to govern conduct.