A store owner specializes in connoisseur coffee blends and wants to make 1 kilogram bags that will sell for $ 120 using Colombian, Brazilian and Kenyan coffees. The cost per kilogram of these three types of coffee is $ 140, $ 70, $ 100, respectively. x=Colombian y=Brazilian z=Kenyan Find: The solution of the system of linear equations:
Q: Find the OLS estimators for the parameters using the matrices above
A: The OLS estimators can be determined by minimizing the square of error term.
Q: A company finds that it can sell out a certain product that if produces, at the rate of Tk. 2 per…
A: Total revenue(TR) of the company is; TR=2q The total cost(TC) of the company is; TC=1000+12q502
Q: The yearly demand for a widget is 5000 units. The cost of ordering is $100 per order and the cost of…
A: Economic Order Quantity, also known as Economic Purchase Quantity, is the order quantity that…
Q: A retail store in Makkah, receives shipments of a particular product from Jeddah and Taif. Let X be…
A: a.) total=y+x on the grounds that it will be the amount of the two shipment amounts.
Q: Find the coordinates of the maximum and minimum points of: * y = 2x3 – 3x² + 2 О Мах (0,2), Min…
A: Recall that for a given function, y = f(x), we have following: If p is a maximimzer, then, f'(p)=0,…
Q: Consider a perceptron that has two real- valued inputs and an output unit that uses a Sigmoid…
A: An output function is described as a function of optimization which calls at each iteration and…
Q: DERIVATIVE In the following the symbol for the first derivative is dy/dx or Y’ and the symbol…
A: It is to be noted here that this question has multiple parts and as per the policy, we can only…
Q: The output (Q) of a production process is a function of two inputs (L and K) and K is given by the…
A: Answer: Given, Production function: Q=0.50LK-0.10L2-0.05K2 Per unit price of L PL=$20Per unit price…
Q: Jenny Company produces two types of pants: long pants and short pants. The cost of making a pair of…
A: Answer to the question is as follows :
Q: A printer quotes a price of $7, 500 for printing 1,000 copies of a book and $15, 000 for printing…
A: Cost for printing 1500 Copies = Cost for Printing 2500 Copies - Cost for Printing 1000 Copies =…
Q: Luke used regression analysis to fit quadratic relations to monthly revenue, TR, and total cost, TC,…
A: Regression is a method that is utilized in various disciplines to assist with deciding the strength…
Q: The shape of rectangular hyperbola is made by
A: To find : How is shape of rectangular hyperbola made
Q: Considering the Production Function →Y= 95 - 2X,2 + 3X1 + 5X,X2 - 6X22 + 18X2 Find the values of X,…
A: Given information, Production Function: Y=95-2X12+3X1+5X1X2-6X22+18X2 where Y is the output and X1…
Q: b.A clothing manufacturer makes trousers, skirts and blouses. Each trouser requires 20 minutes of…
A: The following information is given: Here the inverse method is used to find the number of trousers,…
Q: The O’Neill Shoe Manufacturing Company will produce a special-style shoe if the order size is large…
A: A firm operates with the objective of profit maximization and a firm maximizes its profit by…
Q: image attached
A: Given: Total cost of production ($) Volume of production (units) Greater output $18,300 1,100…
Q: Consider the following maximization problem: max U(x,x2) = vx, + x2 subject to x, + 2x, < I. x120,…
A: Given maxx1≥0,x2≥0 U(x1,x2) = x1+x2 ..........(1) subject to x1+2x2≤I
Q: A solid disc of radius 5 cm rolls without slipping on a horizontal floor as shown with an angular…
A:
Q: QS A large sporting goods retailer with multiple stores is attempting to predict the demand for the…
A: Answer: Given, First combination of price and quantity=Q1, P1=300, 200Second combination of price…
Q: Population of Fish in a Lake A lake is stocked with 100 fish. Let f(1) be the number of fish after i…
A: The maximum population is 1000. One-half of the maximum population of fish is 500. The total…
Q: Write the system of equations as a matrix equation AX = B, with A as the coefficient matrix of the…
A: We have AX= B Where A is matrix of coefficient of X= (X1, X2) And B is constant matrix.
Q: All input bundles yielding y' units of output is cheapest at the point colored in green
A: An indifference curve refers to the combination of two goods that gives the same level of…
Q: Q2 Solve the following linear programing problem by using the graphical method: Minimize 6x1 + 24x2…
A: The constraint x1, x2 greater than or equal to zero means the graph lies in the first quadrant where…
Q: roblem 25* Members of a high school choir want to attend a national contest. After a sign-up, the…
A: The correct answer is given in the second step.
Q: Best Ink Printing Co. received an order to print a minimum of 50,000 tickets for a concert. They…
A:
Q: Does the output maximization level of input use exist for the following function? If yes, then what…
A: Given: The production function for a firm is: y = x1 + 0.1x12 - 0.05x13 + x2 + 0.1x22 - 0.05x23 To…
Q: Solve the following LPP Max Z = 8 X1 + 10 X2 + 12 X3 X1 + X2> = 22 X1 - X2 = N - 24 X2, Where N…
A: Answer - Need to find - Values of variable using graphical method Given in the quetion- Maz z = 8x1…
Q: A simple curve that often makes a good model for the variable costs of a company, as a function of…
A: The least squares method is a statistical method which finds the best fit for a set of data. It is a…
Q: Bounds Inc. determined through regression analysis that its sales (S) are a function of the amount…
A: Since there is no constrain given to find the maximum value of sales, this is known to be an…
Q: between number of customers per week and weekly total restaurant costs. quation using the high-low…
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: A company has the Cobb-Douglas production function z = :400x0.6 where x is the number of units of…
A: In a Cobb Douglas production function, when quantity of production is to be raised, quantity of…
Q: Q4 Identify the Types of the following Functions: C = f(Q) = Q³ – 5Q² + 14Q + 50,. %3D AR = f(Q) =…
A: Cost refers to all the costs that are incurred to produce a good. Average revenue is the per-unit…
Q: s is 2
A: Given : Monthly Sales : Brand A = 15 units; Brand B = 9 units,Brand C = 12 units Unit price : Brand…
Q: have the production function Y = F(K, L) = KV³L2/3. %3D
A:
Q: The function Q = L0.3 + K0.7 is an example of _____ returns to scale of production.
A: There are returns to scale when changing all inputs in a given proportion leads to change the output…
Q: Find the best solution for the following linear programming formula using the graphing method? тах.Z…
A: x1 and x2 are decision variables, we need to maximize our objective function. Constraints are given…
Q: What was wrong with Gianini's original analysis?
A: Analysis: It refers to any explanation or any explanation which is complex in nature so that it can…
Q: Sum of squares total (SST) is, a 2558.436 b 2610.649 c 2663.927 d 2718.293
A: We have given Y X 41 8.3 21.6 4.9 32 8 23.5 4 19.2 4.8 29.9 7.6 22.8 8.7 27.4…
Q: A clothing manufacturer makes trousers, skirts and blouses. Each trouser requires 20 minutes of…
A: The following information is given: Let P, Q, and R is the numbers of trousers, skirts, and…
Q: . All the following curves are U- shaped except
A: To find : Which are not u shaped curve.
Q: Solve the following system of equations using matrix method: 5x – 6y + 4z = 30; 7x + 4y – 3z = 38;…
A: In a matrix multiplication the number of the number of columns in first matrix must be equal to…
Q: Using first order conditions find the stationary values of the following (check whether they are…
A: The points of the functions that offer the largest and minimum range are known as relative maxima…
Q: The time to assemble the first unit on a production line is 6 hours The learning rate s 086.…
A: The learning curve slope is being used to represent the rate in which learning tends to translate…
A store owner specializes in connoisseur coffee blends and wants to make 1 kilogram bags that will sell for $ 120 using Colombian, Brazilian and Kenyan coffees. The cost per kilogram of these three types of coffee is $ 140, $ 70, $ 100, respectively.
x=Colombian
y=Brazilian
z=Kenyan
Find:
- The solution of the system of linear equations:
Step by step
Solved in 2 steps
- A manufacturer of a new patented product has found that he can sell 70 units a week to the customer if the price is $48. In error, the price was recently advertised at $78 and as a result, only 40 units were sold in a week. The manufacturers fixed costs of production are $1,710 a week and variable costs are $9 per unit. You are required to: d. Assuming a sudden change in trading conditions resulting in a 20% reduction in demand at all price levels, to find the equation of the new demand function and to recommend how the manufacturer should respond.b.A clothing manufacturer makes trousers, skirts and blouses. Each trouser requires 20 minutes of cutting time, 60 minutes of sewing time and 5 minutes of packaging time. Each skirt requires 15 minutes of cutting time, 30 minutes of sewing time and 12 minutes of packaging time. Each blouse requires 10 minutes of cutting time, 24 minutes of sewing time and 6 minutes of packaging time. The amount of time available for cutting, sewing and packaging is 115 hours, 280 hours and 65 hours respectively. Using either the Inverse Method or the Cramer’s Rule, determine how many of each type of clothing should be made to use all available labor hours?Solve using definite integrals.
- From a certain place K, 2000 people set off for work in the distant place S in the morning by car. Each of the drivers must decide whether to come to place S via point G or via point D (see the directed graph below). The travel time on segments G-S and K-D is not dependent on the number of drivers: each driver traverses the G-S segment in 60 minutes, and the K-D segment in 45 minutes, regardless of the number of drivers. However, the travel time on segments K-G and D-S depends on the number of drivers: if x drivers travel on the K-G segment, each driver on this segment consumes 0.005x minutes; if x drivers travel on the D-S segment, each driver on this segment consumes 0.01x minutes (see the directed graph below). Assume that all people start simultaneously and do not know the decisions of other people. Find all pure Nash equilibria of the game.A clothing manufacturer makes trousers, skirts and blouses. Each trouser requires 20 minutes of cutting time, 60 minutes of sewing time and 5 minutes of packaging time. Each skirt requires 15 minutes of cutting time, 30 minutes of sewing time and 12 minutes of packaging time. Each blouse requires 10 minutes of cutting time, 24 minutes of sewing time and 6 minutes of packaging time. The amount of time available for cutting, sewing and packaging is 115 hours, 280 hours and 65 hours respectively. Using either the Inverse Method or the Cramer’s Rule, determine how many of each type of clothing should be made to use all available labor hours?The demand function for Newton’s Donuts has been estimated as follows:Qx = -14 – 54Px + 45Py + 0.62Ax where Qx represents thousands of donuts; Px is the price per donut; Py is the average price per donut of other brands of donuts; and Ax represents thousands of dollars spent on advertising Newton’s Donuts. The current values of the independent variables are Ax=120, Px=0.95, and Py=0.64.Show all of your calculations and processes. Describe your answer for each question in complete sentences, whenever it is necessary. Calculate the price elasticity of demand for Newton’s Donuts and describe what it means. Describe your answer and show your calculations. Derive an expression for the inverse demand curve for Newton’s Donuts. Describe your answer and show your calculations. If the cost of producing Newton’s Donuts is constant at $0.15 per donut, should they reduce the price and thereafter, sell more donuts (assuming profit maximization is the company’s goal)? Should Newton’s Donuts spend…
- solve with table methodEvery year in September, the NFL (National Football League) announces official prices of their next Super bowl tickets. The official ticket prices for 2022 Super bowl ticket in the NFL official websites started from $6,800 per person and it was up to over $81,800 per person depending on the location of the seats from the field. However, about three fourth of all tickets were already distributed to the NFL teams. The other one fourth are distributed to the media, NFL partners and sponsors. As a result, a small fraction of a total of about 70,000 tickets were sold in the secondary market. Those tickets were available to buy and sell in the official NFL online sites and other ticket brokers. Given the limited supply of tickets available to the NFL fans to purchase, the actual prices are dominated by the wide fluctuation of demand caused by many factors such as the venue of the game, the winning teams for the championship match, the packages of tickets offered by the brokers, and the…The output (Q) of a production process is a function of two inputs (L and K) and K is given by the following relationship: Q = 0.50LK− 0.10L2− 0.05K2 The per-unit prices of inputs L and K are $20 and $25, respectively. The firm is interested in maximizing output subject to a cost constraint of $500. Use the lagrangian optimization techniques to find the following: How many units of L and K should be used by the firm? What is the total output of this combination? What is the marginal rate of substitution between L and K?
- The time to assemble the first unit on a production line is 13 hours. The learning rate is 0.81. Approximately how long will it take for the eighth unit to be assembled? The number of hours needed for yhe eighth unit to be assembled is ? hours. (Round the one decimal place.)The total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. To determine a formula for the total cost, we need to know two things. The first is the manufacturer's fixed costs. This amount covers expenses such as plant maintenance and insurance, and it is the same no matter how many items are produced. The second thing we need to know is the cost for each unit produced, which is called the variable cost.Suppose that a manufacturer of widgets has fixed costs of $1000 per month and that the variable cost is $20 per widget (so it costs $20 to produce 1 widget). Explain why the function giving the total monthly cost C, in dollars, of this widget manufacturer in terms of the number N of widgets produced in a month is linear. C always increases by $20 when N increases by ______. Therefore, C has a constant rate of change and so is a linear function of N. Identify the slope and initial value of this function. slope…Consider the following quadratic (potential cost) function