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Business, 02.03.2020 18:22 janyiareese12
Two different products, P1 and P2, can be manufactured by one or both of two different machines, M1 and M2. The unit processing time of either product on either machine is the same. The daily capacity of machine M1 is 200 units (of either P1 or P2, or a mixture of both), and the daily capacity of machine M2 is 250 units. The shop supervisor wants to balance the production schedule of the two machines such that the total number of units produced on one machine is within 5 units of the number produced on the other. The profit per unit of P1 is $10 and that of P2 is $15. Set up the problem as an LP in equation form.
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Business, 22.06.2019 19:40, Animallover100
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Business, 22.06.2019 19:40, QueenNerdy889
An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)
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Two different products, P1 and P2, can be manufactured by one or both of two different machines, M1...
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