Suppose that four 85-octane gasoline pumps and three 89-octane gasolinepumps provide as much profit at a local convenience store in five days as three 85-octane pumps and five 89-octane pumps provide in four days.Which gasoline pump produces greater profit for the store?

Suppose that four 85-octane gasoline pumps and three 89-octane gasolinepumps provide as much profit at a local convenience store in five days as three 85-octane pumps and five 89-octane pumps provide in four days.Which gasoline pump produces greater profit for the store?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 33P: Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand...

See similar textbooks

Related questions

Q: An electric cooperative's power generation costs $3.20/kWh. Data for two 50-horsepower motors are as…

A: Find the given details below:

Q: A toy manufacturer uses 48,000 rubber wheels per year for its popular dump truck series.The firm…

Q: snip

A: Given, Machine A costs $20,000 to clean carpets to residential standards. Machine B costs $50,000 to…

Q: Why does this formula not function?

A: THE ANSWER IS AS BELOW:

Q: What is the total market penetration of tablet computers among the students of the top four…

A: Total Students=158,000. University of the Philippines (UP) - 40% of the total number 40% of 158000=…

Q: You are thinking of making your home more energy efficient by replacing some of the light bulbs with…

A: Below is the solution:-

Q: Diamond Line is a distributor of everything a florist needs to create a beautiful arrangement except…

A: Marketing and sales are closely knit together.

Q: Aventura Savings and Loan requires 15% down payment on a mortgage loan. What is the down payment…

A: Down payment is the amount derived from the purchase price of a property. It is calculated by the…

Q: A brewery produces regular beer and a lower-carbohydrate Tight beer. Steady customers of the brewery…

A: R = units of regular beer L= units of light beer Minimize C = 32000 R + 60000 L…

Q: Each morning during rush hour, 10,000 people want to travel from New Jersey to New York City. If a…

A: Check the solution of your query below. I have provided the solution using steps to be followed for…

Q: You run a nail salon. Fixed monthly cost is $5,025.00 for rent and utilities, $5,651.00 is spent in…

A: Given- For Current location -Fixed cost = Rental cost + Salaries + Insurance =…

Q: You operate a small wooden toy company making two products: alphabet blocks and wooden trucks. Your…

A: As presumed, Taking 'B' as the number of blocks and 'T' as number of trucks. Given - Profit = For…

Q: A local aviator is considering opening up a new air cargo company. In order to be profitable, she…

A: Let H and W be the decision variables for airplanes Hodson Cruiser and Whitaker Jumbo Jet…

Q: The Robot Company franchises combination gas and car wash stations throughout the United States.…

A: Using the unit I compute the average waiting time of customers in the washing line. Lq=…

Q: Giapetto's Woodcarving, Inc., manufactures two types of wooden toys: soldiers and trains. A soldier…

A: Variables S = No . of soldiers toys to be manufactured in a week T = No. of trains toys to be…

Q: a) Find an optimal solution to Western's problem. What is the production plan, and what is the…

A: Note: - As per the Bartleby guidelines, only the first three parts have been answered. The optimal…

Q: a. State the LP in standard form, defining all variables?

A: Hello thank you for the question. As per guidelines, we would provide only one answer at a time.…

Q: Set up the system fequations and then solve it by using an inverse matrix. One safe investment pays…

A: Given, Investment =$1,47,200 and income = $20,000 per year. Let us assume that, X= Amount invested…

Q: The Robot Company franchises combination gas and car wash stations throughout the United States.…

Q: JI. Julia's Food Booth Julia Robertson is a senior at Tech, and she's investigating different ways…

A: The purpose of an introduction in a case study analysis is to provide the reader with an overview of…

Q: TASK: Come up with A Proposal to be a Distributor of Paint Products to be presented to Mr.…

A: A business proposal is made to convince potential customers into buying the products and services…

Q: hat price should Jon charge for a quarterly subscription to maximize his revenue?

A: In this problem it is given that for 9870×870=8586900 subscribers we have got a quarterly price of…

Q: Travel Co. specializes in trans-American moves for businesses and individuals through the shipment…

A: Break even point Fixed cost = $5000 Variable cost = $0.40/pound Revenue = $0.68/pound

Q: A furniture company manufactures desks and chairs. The sawing department cuts the lumber for both…

A: Let us consider the maximum profit, Z is possible when the quantity of chair is “X” and quantity of…

Q: Example 2.2-1 To select the best source for structural steel, a construction company has asked…

A: Given Information:

Q: A manufacturer of two products (Widgets and Gadgets) makes a profit of $180 for each widget sold and…

A: Small Introduction about Capacity Capacity is the greatest amount of production that a…

Q: The “free-rider” problem will arise when Group of answer choices it is difficult and costly to…

A: Introduction: Free rider problem can happen any community ranging from small to large. Free rider…

Q: A chocolate maker has annual demand of 250,000 pounds per year. It costs $1.25 to store a pound of…

A: Economic lot size = Where, D Demand H Holding Cost S Ordering cost

Q: On average, how many dollars of pipeline inventory will be in transit to each distribution center?…

A: Inventory is the raw materials used in production or goods produced that are available for sale.

Q: Each rented car makes a $100 profit per day and each unrented car makes a loss of $30 per day. It is…

Q: There are at present 40 solar energy construction firmsin the state of Indiana. An average of 20…

Q: A commercial orchard grows, picks, and packs apples and pears. A peck (quarter bushel) of apples…

A: Let x and y denote the quantities of apples and pears respectively. Objective function: Max Z=3x+2y…

Q: Solve the question below using the attached excel templates with formulas for renting both slow and…

A: Employee's time worth (per hour) $15 Need of employees per hour 4 Slow copier Cost of…

Q: An oil company ships to three different customers. Customer A requires 60 tons per year, Customer B…

A: The answer is as below:

Q: zing a copier ats (for slow system) of time ce rate tputs rect outputs from Inputs man time between…

A: From the given information, The department believes that the employees time is worth $15 per hour.…

Q: An item with a holding cost of $400 per year can be shipped by air in 1 day, costing $250, or by…

A: The above solution is based on the shipment alternatives. The solution is given below;

Q: A catering company must have the following number of clean napkins available at the beginning of…

A: The catering company requires clean napkins on day 1, day 2, day 3, and day 4. In order to have…

Q: A store manager estimates that the minimum number of cars needed over the next 3 weeks are 5, 8 and…

A: Dynamic Programming is an approach for solving multi-stage decision problems. When an optimization…

Q: The U-Drive Rent-A-Truck company plans to spend $13 milion on 320 new vehicles. Each commercial van…

A: Given data: Plans to spend = $13 M for number of vehicles = 320 new vehicles Let us denote…

Q: A bank is trying to determine which of two machinesshould be rented to process checks. Machine 1…

Q: In one fiscal year, firm B has ROA (return on asset) of 5%, and they borrow a substantial amount of…

A: Return of Assets can be defined as the net income divided by the average assets., whereas the Return…

Q: A man wants to set up a 529 college savings account for his granddaughter. How much would he need to…

A: We have Amount, A = $ 70,000 Rate of interest, r = 6% or 0.06 Number of interest periods, n = 1 Time…

Q: Solve this problem using the simplex method. Super Speedy Bike Company makes 3-speed and 10-speed…

A: X = Number of days factory X should be operated Y = Number of days factory Y should be operated The…

Q: Machine A costs Rs 45,000 and its operating costs are estimated to be Rs 1,000 for the first year…

A: In order to determine the optimal time n when machine A should be replaced, we first calculate the…

Q: A company wants to produce 480 units over the next three months at a uniform rate. The months have…

A: Number of Product =450 Workings Days =19,20, 21

Q: The Bubby Gum factory produces bubble gum. Joanne is one of the employees, and she produce 10 packs…

A: An worker is a personal who was employed by associate degree leader to try to to a selected job. the…

Q: Stan Moneymaker needs 15 gallons of gasoline to top off his automobile’s gas tank. If he drives an…

A: Stan is getting 15 gallons of gasoline at $0.10 less per gallon and he can save $1.50 on the price…

Q: A company handles an apartment building with 50 units. Experience has shown that if the rent for…

A: Given data Apartment building has 50 units Each unit rent =$640 per month 1 vacant for $20 increase…

Q: plant has capacity of producing 8,000 units per month of a product, which it sells for P1.50 per…

A: The answer is as below:

Q: Consider a three-units system presented by the cost function as: C1 = 0.03 P12 + 8.2P1 + 452 C2 =…

A: Given cost function, C1 = 0.03 P12 + 8.2P1 + 452C2 = 0.025 P22 + 8.3P2+ 500C3 = 0.0035 P32 + 7.44P3…

Concept explainers

Inventory Management

The supply chain is crucial to a firm's operations as it manages the inflow and outflow of products that are manufactured from the initial stage to the end product. It also considers the raw materials needed at different stages of production and when the work is in progress. Inventory management functions consist of ordering, storing, and procuring the organization's inventory like raw materials, factors, and finished products. It's also used for controlling the number of products for trade and helps manage the organization's inventory and stock. Inventory Management has been defined as having the right inventory, of the right volume, at the right cost.

Question

Suppose that four 85-octane gasoline pumps and three 89-octane gasoline
pumps provide as much profit at a local convenience store in five days as three 85-octane pumps and five 89-octane pumps provide in four days.Which gasoline pump produces greater profit for the store?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.

Similar questions

. A commercial orchard grows, picks, and packs apples and pears. A peck (quarter bushel) of apples takes 4 minutes to pick and 5 minutes to pack; a peck of pears takes 5 minutes to pick and 4 minutes to pack. Only one picker and one packer are available. How many pecks each of apples and pears should be picked and packet every hour (60 minutes) if the profit is $3/peck for apples and $2/peck for pears? Solve graphically as a linear program and confirm analytically.
You operate a small wooden toy company making two products: alphabet blocks and wooden trucks. Your profit is $30 per box of blocks and $40 per box of trucks. Producing a box of blocks requires one hour of woodworking and two hours of painting; producing a box of trucks takes three hours of woodworking, but only one hour of painting. You employ three woodworkers and two pointers, each working 40 hours a week. How many boxes of block (B) and trucks (T) should you make each week to maximize profit? Solve graphically as a linear program and confirm analytically.
You are thinking of making your mansion more energy efficient by replacing some of the light bulbs with compact fluorescent bulbs, and insulating part or all of your exterior walls. Each compact fluorescent light bulb costs $4 and saves you an average of $2 per year in energy costs, and each square foot of wall insulation costs $1 and saves you an average of $0.20 per year in energy costs.† Your mansion has 150 light fittings and 2,900 square feet of uninsulated exterior wall. To impress your friends, you would like to spend as much as possible, but save no more than $900 per year in energy costs (you are proud of your large utility bills). How many compact fluorescent light bulbs and how many square feet of insulation should you purchase? How much will you save in energy costs (in dollars) per year? (If an answer does not exist, enter DNE.)
A deli owner has room for 45 containers of shredded Parmesan cheese. He has 5-oz and 10-oz containers, and a total of 350 oz. cheese. If 5-oz containers sell for $8 and 10-oz containers sell for $14, how many of each should he sell to maximize his revenue? What is his maximum revenue?
You are thinking of making your home more energy efficient by replacing some of the light bulbs with compact fluorescent bulbs and insulating part or all of your exterior walls. Each compact fluorescent light bulb costs $4 and saves you an average of $2 per year in energy costs, and each square foot of wall insulation costs $1 and saves you an average of $0.20 per year in energy costs.† Your home has 50 light fittings and 1,500 square feet of uninsulated exterior wall. You can spend no more than $1,600 and would like to save as much per year in energy costs as possible. How many compact fluorescent light bulbs and how many square feet of insulation should you purchase? (If an answer does not exist, enter DNE.) compact fluorescent light bulbs bulbsinsulation sq ft How much will you save in energy costs per year? $
A company handles an apartment building with 50 units. Experience has shown that if the rent for each of the units is $640 per month, all of the units will be filled, but 1 unit will become vacant for each $20 increase in this monthly rate. If the monthly cost of maintaining the apartment building is $12 per rented unit, what rent should be charged per month to maximize the profit?$
Set up the systemfequations and then solve it by using an inverse matrix.One safe investment pays 10% per year, and a more risky investment pays 18% per year. A woman has $147,200 to invest and would like to have an income of $20,000 per year fromher investments. How much should she invest at each rate?10% rate $18% rate $
each Distributors packages and distributes industrial supplies. A standard shipment can be packaged in a class A container, a class K container, or a class T container. A single class A container yields a profit of $10; a class K container, a profit of $8; and a class T container, a profit of $12. Each shipment prepared requires a certain amount of packing material and a certain amount of time. Formulate and solve this problem using LP software. Resources Needed per Standard Shipment Class of Container Packing Material (pounds) Packing Time (hours) A 2 2 K 1 6 T 3 4 Total amount of resource available per week 120 pounds 210 hours Hugh Leach, head of the firm, must decide the optimal number of each class of container to pack each week. He is bound by the previously mentioned resource restrictions but also decides that he must keep his 6 full-time packers employed all 210 hours (6 workers × 35 hours)…
The Robot Company franchises combination gas and car wash stations throughout the United States. Robot gives a free car wash for a gasoline fill-up is about the same as far a wash alone, charges $0.50. Past expericnce shows that the number of customers that have car washes following fill-ups is about the same as for a wash alone. The average profit on a gasoline fill-up is about $0.70, and the cost of the car wash to Robot is $0.10 Robot stays open 14 hours per day. Robot has three power units and drive assemblies, and a franchisee must select the unit prefered Unit I can wash cans at the rate of one every five minutes and is leased for $12 per day. Unit I, a larger unit, can wash cars at the rate of one every four minutes but costs $16 per day. Unit II, the largest, costs $22 per day and can wash a car in three minutes. The franchisee estimates that customers will not wait in line more than five minutes for a car wash. A longer time will cause Robot to lose the gasoline sales as well…
Investment A woman invests $360,000 in three different mutual funds. One averages 12% per year,and another averages 16% per year. A third fundaverages 8% per year, and because it has much lessrisk, she invests twice as much in it as in the sum ofthe other two funds. To realize an annual return of$35,200, how much should she invest in each fund?
Stan Moneymaker needs 15 gallons of gasoline to top off his automobile’s gas tank. If he drives an extra eight miles (round trip) to a gas station on the outskirts of town, Stan can save $0.10 per gallon on the price of gasoline. Suppose gasoline costs $3.90 per gallon and Stan’s car gets 25 mpg for in-town driving. Should Stan make the trip to get less expensive gasoline? Each mile that Stan drives creates one pound of carbon dioxide. Each pound of CO2 has a cost impact of $0.02 on the environment. What other factors (cost and otherwise) should Stan consider in his decision making?
An electric cooperative's power generation costs $3.20/kWh. Data for two 50-horsepower motors are as shown below. If the interest rate is 20%, determine how many hours should the motors be operated at full load for them to be economical. If the number of hours exceeds the breakeven point, which of the two motors is more economical?