Manufacturing Calculators A manufacturer of calculators produces two models: standard and scientific. Long-term demand for the two models mandates that the company manufacture at least
(a) If the production cost is
(b) If each standard calculator results in a
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Algebra and Trigonometry (MindTap Course List)
- Manufacturing Calculators A manufacturer of calculators produces two models; standard and scientific. Long-term demand for the two models mandates that the company manufacture at least 100 standard and 80 scientific calculators each day. However, because of limitations on production capacity, no more than 200 standard and 170 scientific calculators can be made daily. To satisfy a shipping contract, A total of at least 200 calculators must be shipped every day. (a) If the production cost is $5 for a standard calculator and $7 for a scientific one, how many of each model should be produced daily to minimize this cost? (b) Id each standard calculator results in a $2 loss but each but each scientific one produces a $5 profit, how many of each model should daily to maximize profit?arrow_forward23. Consider a simple economy with just two industries: farming and manufacturing. Farming consumes 1/2 of the food and 1/3 of the manufactured goods. Manufacturing consumes 1/2 of the food and 2/3 of the manufactured goods. Assuming the economy is closed and in equilibrium, find the relative outputs of the farming and manufacturing industries.arrow_forward
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