A store sells two types of toys, A and B. The store owner pays $8 and $14 for eachone unit of toy A and B respectively. One unit of toys A yields a profit of $2 while aunit of toys B yields a profit of $3. The store owner estimates that no more than 2000toys will be sold every month and he does not plan to invest more than $20,000 ininventory of these toys. How many units of each type of toys should be stocked inorder to maximize his monthly total profit?5.A company produces two types of tables, T1 and T2. It takes 2 hours to produce theparts of one unit of T1, 1 hour to assemble and 2 hours to polish. It takes 3 hours toproduce the parts of one unit of T2, 2.5 hours to assemble and 1.5 hours to polish.Per month, 7000 hours are available for producing the parts, 4000 hours forassembling the parts and 5500 hours for polishing the tables. The profit per unit of T1is $90 and per unit of T2 is $110. How many of each type of tables should be producedin order to maximize the total monthly profit?6.A farmer plans to mix two types of food to make a mix of low-cost feed for the animalsin his farm. A bag of food A cost $10 and contains 40 units of protein, 20 units ofminerals and 10 units of vitamins. A bag of food B costs $12 and contains 30 units ofproteins, 30 units of minerals and 30 units of vitamins. How many bags of food A andB should be consumed by the animals each day in order to meet the minimum dailyrequirements of 150 units of proteins, 90 units of minerals and 60 units of vitamins at7.a minimum cost? For Question 1- Question 4 : Solve the given inequalities(x – y > 4x < 2y > -51.Sx – y < 12.(у - х <1(4х + Зу 2 12y 2 x2y < 3x + 6(5у — 2х < 1034х — бу < 12y 2 03.4.

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A store sells two types of toys, A and B. The store owner pays $8 and $14 for each one unit of toy A and B respectively. One unit of toys A yields a profit of $2 while a unit of toys B yields a profit of $3. The store owner estimates that no more than 2000 toys will be sold every month and he does not plan to invest more than $20,000 in inventory of these toys. How many units of each type of toys should be stocked in order to maximize his monthly total profit?

A store sells two types of toys, A and B. The store owner pays $8 and $14 for each one unit of toy A and B respectively. One unit of toys A yields a profit of $2 while a unit of toys B yields a profit of $3. The store owner estimates that no more than 2000 toys will be sold every month and he does not plan to invest more than $20,000 in inventory of these toys. How many units of each type of toys should be stocked in order to maximize his monthly total profit?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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