An Electronics Firm Produces Two Models of Pocket Calculators: the A-100

question 73

Multiple Choice

An electronics firm produces two models of pocket calculators: the A-100 (A) and the B-200 (B) . Each model uses one circuit board, of which there are only 2,500 available for this week's production. In addition, the company has allocated a maximum of 800 hours of assembly time this week for producing these calculators. Each A-100 requires 15 minutes to produce while each B-200 requires 30 minutes to produce. The firm forecasts that it could sell a maximum of 4,000 of the A-100s this week and a maximum of 1,000 B-200s. Profits for the A-100 are $1.00 each and profits for the B-200 are $4.00 each. The firm's goal is to maximize profits.
What is the objective function?

• A) P = 4A + 1B
• B) P = 0.25A + 1B
• C) P = 1A + 4B
• D) P = 1A + 1B
• E) P = 0.25A + 0.5B

Comprehend the societal role and implications of labor relations systems.

Distinguish between formal and informal agreements in labor relations.

Analyze trends and impacts of union density in the U.S.

Recognize the importance of collective bargaining and its features.

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Definitions:

Present Value

The assessed current worth of a future money amount or cash flow series, using an established rate of return.

Interest Rate

The cost of borrowing money, often expressed as a percentage of the amount lent.

Usury Law

refers to regulations governing the amount of interest that can be charged on a loan, intended to protect borrowers from excessively high rates.

Loaned Out

Refers to funds that have been borrowed out to others, usually by a financial institution.