Homework Help is Here – Start Your Trial Now!
Math
Advanced Math
3. Highland's TV-Radio Store must determine how many TVs and radios to keep in stock (the store stocks only TVs and radios). A TV requires 10 sq. ft. of floor space, whereas a radio requires 4 sq. ft; 200 sq. ft. of floor space is available. A TV will earn Highland $60 in profits, and a radio will earn $20. Marketing requirements dictate that at least 60% of all appliances in stock be radios. Finally, a TV ties up $200 in capital, and a radio $50. Highland wants to have at most $3000 worth of capital tied up at any time.

3. Highland's TV-Radio Store must determine how many TVs and radios to keep in stock (the store stocks only TVs and radios). A TV requires 10 sq. ft. of floor space, whereas a radio requires 4 sq. ft; 200 sq. ft. of floor space is available. A TV will earn Highland $60 in profits, and a radio will earn $20. Marketing requirements dictate that at least 60% of all appliances in stock be radios. Finally, a TV ties up $200 in capital, and a radio $50. Highland wants to have at most $3000 worth of capital tied up at any time.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 22PFA
See similar textbooks
icon
Related questions
Topic Video
Question
  1. Formulate an IP that can be used to maximize Highland’s profit. 

  2. How much more profit could be attained if Highland rented another 50 sq. ft. of floor space? How much should Highland be willing to pay for this extra footage?

  3. How much more profit could be attained if marketing changed their requirement so that only 40% of all appliances in stock be radios (keeping the floor space at 200 sq. ft.)?

  4. How much more profit could be attained if Highland was willing to have $3500 worth of capital tied-up (keeping the floor space at 200 sq. ft. and the marketing requirement at 40%)? How should Highland decide if it is worthwhile to increase this value?

3. Highland's TV-Radio Store must determine how many TVs and radios to keep in stock (the store stocks only TVs and radios). A TV requires 10 sq. ft. of floor space, whereas a radio requires 4 sq. ft; 200 sq. ft. of floor space is available. A TV will earn Highland $60 in profits, and a radio will earn $20. Marketing requirements dictate that at least 60% of all appliances in stock be radios. Finally, a TV ties up $200 in capital, and a radio $50. Highland wants to have at most $3000 worth of capital tied up at any time.
Transcribed Image Text:3. Highland's TV-Radio Store must determine how many TVs and radios to keep in stock (the store stocks only TVs and radios). A TV requires 10 sq. ft. of floor space, whereas a radio requires 4 sq. ft; 200 sq. ft. of floor space is available. A TV will earn Highland $60 in profits, and a radio will earn $20. Marketing requirements dictate that at least 60% of all appliances in stock be radios. Finally, a TV ties up $200 in capital, and a radio $50. Highland wants to have at most $3000 worth of capital tied up at any time.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Optimization
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS