Water and a bed are examples of products that satisfy physiological needs. True False A sports car is an example of a product that satisfies safety needs. True False Shield deodorant and Gucci Perfume are products that satisfy Physiological needs. True False Which of the following is NOT regarded as one of the 4 Limited resources? Coal Builders Heavy machinery Stationary An economic system is chosen to achieve the highest possible satisfaction of needs using scarce resources. True False The challenge of how to achieve the highest possible satisfaction of needs using scarce resources is also called the Economic Problem. True False PLEASE ASSIST

Water and a bed are examples of products that satisfy physiological needs. True False A sports car is an example of a product that satisfies safety needs. True False Shield deodorant and Gucci Perfume are products that satisfy Physiological needs. True False Which of the following is NOT regarded as one of the 4 Limited resources? Coal Builders Heavy machinery Stationary An economic system is chosen to achieve the highest possible satisfaction of needs using scarce resources. True False The challenge of how to achieve the highest possible satisfaction of needs using scarce resources is also called the Economic Problem. True False PLEASE ASSIST

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter11: Simulation Models

Section: Chapter Questions

Problem 63P: It costs a pharmaceutical company 75,000 to produce a 1000-pound batch of a drug. The average yield...

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It costs a pharmaceutical company 75,000 to produce a 1000-pound batch of a drug. The average yield from a batch is unknown but the best case is 90% yield (that is, 900 pounds of good drug will be produced), the most likely case is 85% yield, and the worst case is 70% yield. The annual demand for the drug is unknown, with the best case being 20,000 pounds, the most likely case 17,500 pounds, and the worst case 10,000 pounds. The drug sells for 125 per pound and leftover amounts of the drug can be sold for 30 per pound. To maximize annual expected profit, how many batches of the drug should the company produce? You can assume that it will produce the batches only once, before demand for the drug is known.
Which one of the following is key element to overall athletic performance? Select one: a. Increase available lactic acid to increase neural sensitivity. b. Building up inorganic phosphate depos above 10 mM levels to increase muscle contractibility. c. To maxXimize energy use without reaching the limitations of any of the energy supply systems. d. Minimize tissue hydration in order to maximize osmolality of tissue
What is an example of a learning objective for a lesson on Integrating Writing in Math in a first-grade classroom? The learning objective should include the following required components: behavior, condition, and measurable criterion that aligns with both of the below standards. Math Standard Solve real-world problems involving addition and subtraction within 20 in situations of adding to, taking from, putting together, taking apart, and comparing with unknowns in all parts of the addition or subtraction problem (e.g., by using objects, drawings, and equations with a symbol for the unknown number to represent the problem). Writing Standard Produce (when writing or speaking) a topic sentence or main idea, provide some facts or details about the topic, and provide a concluding statement.
Which of the following statements is correct regarding the EMH form? Select one: None of the answers are correct If the market is weak-form efficient, then it is also semistrong and strong-form efficient. If the market is semistrong form efficient, then it is also strong form efficient If a market is strong-form efficient, it is also semistrong and weak form efficient If the market is strong-form efficient, it is also semistrong but not weak-form efficient
States of Nature Alternatives Very Favorable Market Average Market Unfavorable Market Build new plant $300,000 $210,000 −$280,000 Subcontract $160,000 $100,000 −$15,000 Overtime $120,000 $70,000 −$8,000 Do Nothing $0 $0 $0 Using the decision making under uncertainty with the criterion of Maximax the appropriate decision will be... (Do Nothing) (Build new plant) (Overtime) (Subcontract) The value of the return under this decision is Using the decision making under uncertainty with the criterion of Maximin the appropriate decision will be... (Subcontract) (Overtime) (Do Nothing) (Build new plant) The value of the return under this decision is Using the decision making under uncertainty with the criterion of Equally Likely the appropriate decision will be (Do Nothing) (Subcontract) (Build new plant) (Overtime) The value of the return under this decision is
The BBVA Compass case discusses a scenario where the display campaigns attributed to conversions to some extent for the search campaigns. The unadjusted cost per application (CPA) for a display network Datran is $238. The conversion rate for search with display ads on Datran is 3.31%. The conversion rate for search without display ads is 1.26%. The unadjusted search CPA is $73. Calculate the adjusted search CPA without Datran. Also, estimate the adjusted CPA for Datran.
Are my formulas correct and did I get the correct answer (I get $333,000 as my answer for Maximized Profit)? If not show me how to fix it. Question: Sunblessed Juice Company sells bags of oranges and cartons of orange juice. Sunblessed grades oranges on a scale of 1 (poor) to 10 (excellent). At present, Sunblessed has 220,000 pounds of grade 6 oranges and 150,000 pounds of grade 9 oranges on hand. The aver- age quality of oranges sold in bags must be at least 7, and the average quality of the oranges used to produce orange juice must be at least 8. Each pound of oranges that is used for juice yields a revenue of $2.25 and in- curs a variable cost (consisting of labor costs, variable overhead costs, inventory costs, and so on) of $1.35. Each pound of oranges sold in bags yields a revenue of $2.00 and incurs a variable cost of $1.20. a. Determine how Sunblessed can maximize its profit.
Oilco must determine whether or not to drill for oil in the South China Sea. It costs $90,000 to drill for oil. If oil is found, the revenue is estimated to be $700,000. At present, Oilco believes there is a 40% chance that the field contains oil. Before drilling, Oilco can hire (for $20,000) a geologist to obtain more information about the likelihood that the field will contain oil. There is a 70% chance that the geologist will issue a favorable report and a 30% chance of an unfavorable report. Given a favorable report, there is an 60% chance that the field contains oil. Given an unfavorable report, there is a 10% chance that the field contains oil. Determine the optimal strategy, the expected profit, EVSI and EVPI. What is the Expected Value of Sample Information (EVSI)? Select one: a. EVSI = $41,000 b. EVSI = $42,000 c. EVSI = $26,000 d. EVSI = $20,000
Dash and Lily Corporation wanted to raise funds for the poor. The first prizefor a raffle is P500,000 (with aprobability of 0.001) and the second prize is P250,000 (with a probability of0.003). What is a fair price to pay for a single ticket in this raffle? a. Give: what are the given information. b. Requirement: what is requirement. c. Solution: show step by step solution d. Answer: what is the final answer e. Analysis: identify the use of the result in risk management
Which of the following is true for long-term goals? Group of answer choices the goal should be connected to athlete values and what's important to them the long term goal should be process oriented the long term goal should be easily achieved the long term goal should be an outcome goal
Stanley Black & Decker produces drills at a manufacturing cost of $59/drill. Defective units can be reworked at a cost of $20/drill. The manufacturing process produces 87% good products and 69% of the defective drills can be reworked. What is the total manufacturing cost PER DRILL if you start a production run of 98 drills (meaning you would yield less)? Hint: don't round your Yield. Give your answer to two decimal places. DO NOT INCLUDE the $ symbol!
Lifang Wu owns an automated machine shop that makes precision auto parts. He has just compiled an input —output report for the grinding work center. Period 1 2 3 4 Total Planned input 90 90 95 95 Actual input 95 95 95 95 Deviation Planned output 85 85 85 85 Actual output 85 85 80 80 Deviation Initial backlog: 35 Part 2 For the given information related to "inputs," the values for deviation and total are: The deviation in period 2 = enter your response here units (enter your response as an integer, including a minus sign if necessary). Part 3 The deviation in period 4 = enter your response here units (enter your response as an integer, including a minus sign if…