Math

AlgebraQ&A LibraryA manufacturer produces three products x, y, z which he sells in two markets.Annual sales are indicated below:Market ProductsI. 10,000 2,000 18,000II. 6,000 20,000 8,000(a) If unit sale prices of x, y and z are $2.50, $1.50 and $ 1.00, respectively,find the total revenue in each market with the help of matrix algebra.(b) If the unit costs of the above three commodities are $2.00, $ 1.00 and50 cents respectively. Find the gross profit.Question

A manufacturer produces three products x, y, z which he sells in two markets.

Annual sales are indicated below:

Market Products

I. 10,000 2,000 18,000

II. 6,000 20,000 8,000

(a) If unit sale prices of x, y and z are $2.50, $1.50 and $ 1.00, respectively,

find the total revenue in each market with the help of matrix algebra.

(b) If the unit costs of the above three commodities are $2.00, $ 1.00 and

50 cents respectively. Find the gross profit.

Find answers to questions asked by student like you

Q: Jessica's Coffee Shop makes a blend that is a mixture of two types of coffee. Type A coffee costs Je...

A: Given,Jessica's Coffee Shop makes a blend that is a mixture of two types of coffee.Type A coffee cos...

Q: The FAA now figures the average checked bag to weigh 28 pounds. This is up from a previous figure of...

A: Given:

Q: 7. Tom and Mary have invested in a joint partnership. The total value of the investment is $240 000....

A: Consider the assumptions to be made.

Q: Explain Equality of matrices. Give a suitable example.

A: Equality of matrices:Two matrices are equal if all three conditions given below are satisfied: · Bot...

Q: find an equation of the line containing the given pair of points. (3,5) and (9,7)

A: Consider the given points.

Q: TravelEz sells dollars at a rate of ($1.40)/(1 euro) and buys dollars at a rate of ($1.80)/(1 euro)....

A: TravelEz sells 1.40 dollars for 1 euro. At the end of the trip, Sophie exchanged 40 euros to dollars...

Q: Find the inverse of the following function: f(x) = −2 log 2(x − 1) + 2

A: Plug f(x)=y

Q: The sum of two consecutive even integers is 26. What are the two numbers?

A: Given:

Q: A company produces boxes that are 5 feet long, 4 feet wide, and 3 feet high. The company wants to in...

A: Given that a company produces boxes that are feet long, 4 feet wide and 3 feet high. The company inc...