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Quant A company produces two products, X and Y, which use material and labor as inputs. Fixed amounts of labor and material are available for production each month. In addition, the demand for product Y each month is limited; product X has no constraint on the number of units that can be sold. Ouestions 33 and 34 are based on the following information. A graphical depiction of these production and demand constraints is presented on the next page. Material constraint Demand constraint 6. Labor constraint 7 8. Units of Product 33. The feasible solution region is bounded by the lines connecting points 3, 4, 6, and 7. b. 1, 5, 6, and 8. 2, 4, 5, 6, and 8. с. d. 3, 5, 6, and 7. a. (CIA, Adapted) 34. If a series of profit lines for X and Y are drawn on the graph, the mix of X and Y that will result in the maximum profit can be determined from the last point in the feasible solution region touched by a profit line. any point on the boundary of the feasible solution region touched by a profit line. the first point on the feasible solution region boundary that intersects a profit line. d. a, b. C. any point on the demand constraint that intersects a profit line. (CIA, Adapted) Units of Product

Quant A company produces two products, X and Y, which use material and labor as inputs. Fixed amounts of labor and material are available for production each month. In addition, the demand for product Y each month is limited; product X has no constraint on the number of units that can be sold. Ouestions 33 and 34 are based on the following information. A graphical depiction of these production and demand constraints is presented on the next page. Material constraint Demand constraint 6. Labor constraint 7 8. Units of Product 33. The feasible solution region is bounded by the lines connecting points 3, 4, 6, and 7. b. 1, 5, 6, and 8. 2, 4, 5, 6, and 8. с. d. 3, 5, 6, and 7. a. (CIA, Adapted) 34. If a series of profit lines for X and Y are drawn on the graph, the mix of X and Y that will result in the maximum profit can be determined from the last point in the feasible solution region touched by a profit line. any point on the boundary of the feasible solution region touched by a profit line. the first point on the feasible solution region boundary that intersects a profit line. d. a, b. C. any point on the demand constraint that intersects a profit line. (CIA, Adapted) Units of Product

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Quantitative Techniques for A company produces two products, X and Y, which use material and labor as inputs. Fixed amounts of labor and material are available for production each month. In addition, the demand for product Y each month is limited; product X has no constraint on the number of units that can be sold. Questions 33 and 34 are based on the following information. A graphical depiction of these production and demand constraints is presented on the next page. Material constraint Demand constraint 2 6. Labor constraint 7. 8. Units of Product 33. The feasible solution region is bounded by the lines connecting points 3, 4, 6, and 7. b. 1, 5, 6, and 8. 2, 4, 5, 6, and 8. d. 3, 5, 6, and 7. a. C. (CIA, Adapted) 34. If a series of profit lines for X and Y are drawn on the graph, the mix of X and Y that will result in the maximum profit can be determined from the last point in the feasible solution region touched by a profit line. b. any point on the boundary of the feasible solution region touched by a profit line. the first point on the feasible solution region boundary that intersects a profit line. d. a, c. any point on the demand constraint that intersects a profit line. (CIA, Adapted) Units of Product
Transcribed Image Text:Quantitative Techniques for A company produces two products, X and Y, which use material and labor as inputs. Fixed amounts of labor and material are available for production each month. In addition, the demand for product Y each month is limited; product X has no constraint on the number of units that can be sold. Questions 33 and 34 are based on the following information. A graphical depiction of these production and demand constraints is presented on the next page. Material constraint Demand constraint 2 6. Labor constraint 7. 8. Units of Product 33. The feasible solution region is bounded by the lines connecting points 3, 4, 6, and 7. b. 1, 5, 6, and 8. 2, 4, 5, 6, and 8. d. 3, 5, 6, and 7. a. C. (CIA, Adapted) 34. If a series of profit lines for X and Y are drawn on the graph, the mix of X and Y that will result in the maximum profit can be determined from the last point in the feasible solution region touched by a profit line. b. any point on the boundary of the feasible solution region touched by a profit line. the first point on the feasible solution region boundary that intersects a profit line. d. a, c. any point on the demand constraint that intersects a profit line. (CIA, Adapted) Units of Product
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