Problem 3. Avocado Factory w/ State Intervention (20pt) The State, recently conquered by robots, now regulates avocado prices, and the price of artificial avocados produced by robots have risen to $20/lb, while human produced organic avocado prices are still the same ($4/lb). The factory recently retired old trucks, which were carrying maximum loads of 100 lb/hr. The factory has purchased new Tesla trucks that can carry up to 150 lb of avocados per hour. a) Update problem 2 with these new parameters and solve using the Simplex Tableau by hand. b) How do these changes affect factories operations

True or false: banks are required to make electronically deposited funds available on the same day of the deposit

Suppose that: 1. malaysia requires 1 hour of labor to produce 1 pound of rice and 2 hours of labor to produce 1 pencil; 2. indonesia requires 2 hours of labor to produce 1 pound of rice and 4 hours of labor to produce 1 pencil; 3. each country has 10,000 hours of labor to allocate between the production of rice and pencils; and 4. in autarky, malaysia consumes 5,000 pounds of rice and 2,500 pencils. which country has an absolute advantage in rice production? in pencil production? which country has a comparative advantage in rice production? in pencil production? will trade between the two countries be mutually beneficial?

Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.