Exercise 4.63 (Solution on p. 93.) An economy has two industries, farming and building. For every $1 of food produced, the farmer uses $.20 and the builder uses $.15. For every $1 worth of building, the builder uses $.25 and the farmer uses $.20. If the external demand for food is $100,000, and for building $200,000, what should be the total production for each industry in dollars?

A book publisher has fixed costs of $360,000 and variable costs per book of $9.00. The book sells $23.00 per copy. How many books must be sold to break even? If the fixed cost increased, would the new break even point he higher or lower? If the variable cost per unit decreased, would the new break even point he higher or lower?

It takes 12 units of carbohydrates and 6 units of protein to satisfy Jacob's minimum weekly requirements. The meat contains 2 units of carbohydrates and 2 units of protein per pound. The cheese contains 3 units of carbohydrates and 1 unit of protein per pound. The meat costs $3.40 per pound and the cheese costs $4.50 per pound. How many pounds of each are needed to fulfill the minimum requirements at minimum cost? What is Jacob's minimum cost? He should buy pound(s) of meat and pound(s) of cheese. (Round your answer to the nearest tenth.) The minimum cost is $. (Round to the nearest cent as needed.) ...

1.You are choosing between two texting plans. Plan A has a monthly fee of $15 with a charge of $0.08 per text. Plan B has a monthly fee of $3 with a charge of $0.12 per text. How many text messages in a month make plan A the better deal.  2. You invested $8000 in two funds paying 2% and 5% investment exceeded the interest from the 5% investment exceeded the interest from the 2% investment by $85. How much money was invested at the rate 2%?

Q: The Morton Supply Company produces clothing, footwear, and accessories for dancing and gymnastics. They produce three models of pointe shoes used by ballerinas to balance on the tips of their toes. The shoes are produced from four materials: cardstock, satin, plain fabric, and leather. The number of square inches of each type of material used in each model of shoe, the amount of material available, and the profit/model are shown below: Material (measured in square inches) Model 1 Model 2 Model 3 Material Available Cardstock 12 10 14 1200 Satin 24 20 15 2000 Plain fabric 40 40 30 7500 Leather 11 11 10 1000 Profit per model $50 $44 $40   a)  Generate the Answer Report using SOLVER in EXCEL.  Then, clearly answer what is the optimal solution?  What is the resulting profit? b) Generate the Sensitivity Report for the model that you built. Interpret, in context, the Shadow Price for the Leather and the Satin constraints.  Include units in your interpretations.

Tabitha manufactures a product that sells very well. The capacity of her facility is 207,000 units per year. The fixed costs are $157,000 per year and the variable costs are $14 per unit. The product currently sells for $16. a. What total revenue is required for a net income of $482,000 per year? Round to the nearest cent b. If sales were at 55% of the capacity and the variable costs decreased by 25%, what would be the net income per year? Round to the nearest cent