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- 23. Consider a simple economy with just two industries: farming and manufacturing. Farming consumes 1/2 of the food and 1/3 of the manufactured goods. Manufacturing consumes 1/2 of the food and 2/3 of the manufactured goods. Assuming the economy is closed and in equilibrium, find the relative outputs of the farming and manufacturing industries.To minimize costs on the production line, an industrial engineer at a fiber-optic manufacturing firm is considering two robots. Robot X would have a $82,000 first cost, a $30,000 annual maintenance and operation (M&O) cost, and $50,000, $42,000, and $35,000 salvage prices after 1, 2, and 3 years, respectively. Robot Y will have a first cost of $97,000, a yearly M&O cost of $27,000, and after 1, 2, and 3 years, respectively, salvage prices of $60,000, $51,000, and $42,000. If a 2-year study period is specified at an interest rate of 15 percent per year and replacement after 1 year is not an option, what robot should be selected?Solve the initial valye problem.
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- Approaching the month of Ramadan, PT Prima Sehat predicts that there will be an increase in demand for electronic goods, both TVs and microwaves. All of these electronic products have the same processing process, but have different processing times. For TV requires 4 hours of electronic processing and 2 hours of assembly. While the microwave requires 3 hours of electronic processing time and 1 hour of assembly. Of the current capacity, there is a working time for electronics as much as 240 hours, and per work time as much as 100 hours. The profit for each product is 7 (in tens of thousands) and 5 (in tens of thousands). Please use the simplex method linear programming method to solve the above caseSolve min x1-x2-2x3 problem by means of Lagrange multipliers under the constraints of x1+x2+x3=5 and x12+ x22 =4. Explain what the values of Lagrange multipliers mean?