Question

1. A manufacturer produces three​ products, A,​ B, and C. The profits for each unit of​...

1.

A manufacturer produces three​ products, A,​ B, and C. The profits for each unit of​ A, B, and C sold are

​$11​,

​$22​,

and

​$33​,

respectively. Fixed costs are

​$18,000

per​ year, and the costs of producing each unit of​ A, B, and C are

​$4​,

​$5​,

and

​$7​,

respectively. Next​ year, a total of

10,000

units of all three products is to be produced and​ sold, and a total profit of

​$18,000

is to be realized. If total cost is to be

​$69,000​,

how many units of each of the products should be produced next​ year?

Product A= ?

Product B= ?

Product C= ?

2.

The economy of a small island nation is based on two​ sectors, agriculture and tourism. Production of a​ dollar's worth of agriculture requires an input of $0.36 from agriculture and $0.50 from tourism. Production of a​ dollar's worth of tourism requires an input of $0.46 from agriculture and $0.25 from tourism. Find the output from each sector that is needed to satisfy a final demand of $45 million for agriculture and $79 million for tourism.

The output from the agriculture sector is approximately

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Answer #1

As per HomeworkLib's policy, we are mandated to solve only one question. Here is the solution to your first question.

Solutions fixed costs $18.000 variable cost A=44 B=85 c=17 Let the no. of each unit of item produud A = x Bay c2 Thin accordi

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