Product y can be sold at a profit if 100 per unit and, Ask an Expert

Economics

A company builds furniture. Recently different woods they use have become harder to obtain. Consultation with management for 2 lines has resulted in the following product functions for hardwood usage in the two products, products Y and K.

Product Y Y=2Ty-.001Ty^2
Product K K=20Tk-,01Tk^2

Y=units of product Y
K=units of product K
Ty= wood used in product Y
Tk= wood used in product K

Product Y can be sold at a profit if $100 per unit, and product K can be sold at a profit of $25 each. The company has 1,300 units of wood. How should that wood be allocated? Why?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M946227

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question in a linear demand equation what economic

Question: In a linear demand equation, what economic information is conveyed by the intercept on the price axis? Similarly, what economic information is conveyed by the intercept on the price axis in a linear supply equa ...

Question not having had a contract or a hit during the last

Question: Not having had a contract or a "hit" during the last 12 months, Itchy "Fingers" Valachi, the Mafia's chief executioner, needs a loan to pay off the bills his wife has run up at Penney's. He goes to his pal "Ham ...

Question lobo lighting corporation currently employs 100

Question: Lobo Lighting Corporation currently employs 100 unskilled laborers, 80 factory technicians, 30 skilled machinists, and 40 skilled electricians. Lobo feels that the marginal product of the last unskilled laborer ...

Question describe your expectations on finding law from

Question: Describe your expectations on finding law from anywhere in the world by use of the internet. Why is it important to have a uniform method of citation of that law? The response must be typed, single spaced, must ...

Question additional questions issues to consider for each

Question: Additional questions. issues to consider for each case- make note but do not include them in written analysis. you should always provide evidence to explain cosco: 1. what is Costco businesse model and it's app ...

Question by 1993 nations in the european union eu had

Question: By 1993, nations in the European Union (EU) had eliminated all barriers to the flow of goods, services, labor, and capital across their borders. Even such things as consumer protection laws and the types of plu ...

Assignment - reading and interpreting author spotlight on

Assignment - Reading and Interpreting: Author Spotlight on James Baldwin This assignment builds on your reading in Literature, and specifically focuses on the piece "Race and the African American Writer" by James Baldwin ...

Question a business that engages in substantial trading of

Question: A business that engages in substantial trading of commodities, currencies, and financial instruments must trust its traders to act with some prudence and with knowledge that the company's overall financial perf ...

Question in 1955 the last year when social security

Question: In 1955, the last year when social security payments included only old-age payment (before disability), payments totaled $4.9 billion. For 2001, the figure was $433 billion (excluding Medicare, which was anothe ...

Question suppose the utility function for linda is given by

Question: Suppose the utility function for Linda is given by u(x1, x2) = log x1 + x2 and her budget constraint is given by p1x2 + p2x2 = m (a) Derive the demand function for Linda for both goods. (Hint: the demand of any ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert