An agricultural company has 80 tons of Type I fertilizer and 120 tons of Type II fertilizer. The company mixes both types of fertilizer into 3 products. Product X requires 3 parts of Type I and 1 part of Type II. Product Y requires 1 part of Type I and 4 parts of Type II. Product Z requires half a part of Type I and 2 parts of Type II. Product X is sold at $2000 per ton, Product Y at $1500 per ton, and Product Z is sold at $2500 per ton. Use the following decision variables: x: number of tons to mix of Product X
y: number of tons to mix of Product Y
z: number of tons to mix of Product Z

Requried:
Formulate the company's mathematical optimization problem.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

administrative jobs normally have someone answering phone calls and scheduling appointments, filing patient or customer information, making sure the front of the office looks nice to those who enter the building. administrative jobs can also include making sure the manager has everything they need for meetings, making delivers and much more. administrative jobs are important to most businesses as are customer service focused as they are often one of the first impressions a consumer sees of a business.

answer$22,000 ;