A Pharmaceutical Company Produces Three Kinds of Cold Formulas: I

question 58

Essay

A pharmaceutical company produces three kinds of cold formulas: I, II, and III. It takes 2 hr to produce 1,000 bottles of formula I, 4 hr to produce 1,000 bottles of formula II, and 3 hr to produce 1,000 bottles of formula III. The profits for each 1,000 bottles of formula I, formula II, and formula III are $220, $130, and $190, respectively. Suppose, for a certain production run, there are enough ingredients on hand to make at most 7,000 bottles of formula I, 17,000 bottles of formula II, and 9,000 bottles of formula III. Furthermore, suppose the time for the production run is limited to a maximum of 100 hr. How many bottles of each formula should be produced in this production run so that the profit is maximized?
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__________ bottles of formula I,
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__________ bottles of formula II,
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__________ bottles of formula III
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What is the maximum profit realizable by the company? $ __________
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Are there any resources left over?
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ingredients for __________ bottles of formula I,
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ingredients for __________ bottles of formula II,
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ingredients for __________ bottles of formula III,
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__________ hr of the time for the production run

Differentiate between continuous and partial reinforcement schedules and their effects on behavior.

Describe behavior modification techniques and their applications.

Understand the principle of observational learning and its components.

Comprehend the phenomenon of instinctive drift and its implications for learning.

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Definitions:

Expense Recognition Principle

The accounting principle that dictates expenses should be recognized in the period in which they are incurred, contributing to the accurate reporting of financial results.

Wages Expense

The total cost incurred by an enterprise for the wages paid to employees, reported on the income statement.

Operating Cycle

The time period between the acquisition of goods for sale and the receipt of cash from customers, measuring the efficiency of a company's operational processes.

Inventory Purchases

Transactions involved in buying goods and materials to be sold or used in the production process by a business.