Suppose you want to remove a thousand fish of an exotic, Ask an Expert

Management Studies

Suppose you want to remove a thousand fish of an exotic species that have been illegally introduced to a lake (e.g., piranha). You have three possible removal methods. Assume that Q1, Q2, and Q3 are, respectively, the amount of fish removed by each method that you choose to use so that the goal will be accomplished by any combination of methods such that Q1 +Q2 +Q3 = 1000. (a) If the marginal costs of each removal method are, respectively, 20Q1, 10Q2, and 5Q3, how much of each method should you use to achieve the removal cost-effectively? (b) Why isn’t an exclusive use of method 3 cost effective?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92464939

Have any Question?Write your Review or question?

Related Questions in Operation Management

Anarsquos cafe does a large lunchtime carry-out business

Ana’s Cafe does a large lunchtime carry-out business. The Cafe offers two burrito specials: Mild and Spicy. The profit on one serving of Mild is $0.58, while the profit on one serving of Spicy is $0.45. Each serving of M ...

1 what are some critical business processes that utilize

1. What Are some Critical Business Processes that Utilize Information Systems (B6111 A01 – Managerial Applications of Technology) 2. Identify and describe the main technologies that supporting online marketing. 3. How do ...

In this essay describe the standard de facto or prescribed

In this Essay, describe the standard (de facto or prescribed) operations in your own organization. Focusing on the areas you are most familiar, explain to what degree they can be considered lean and/or agile. Comment on ...

1 joe a 27 yeark old man was in a car accident in july 2012

1. Joe, a 27 yeark old man, was in a car accident in July 2012. He was paralyzed from the neck down, and is now in a wheelchair. Joe graduated from college in June 2008 and got his first job in July 2008, with an annual ...

1 organizational structure- define and describe the

1. Organizational Structure- Define and describe the different types of organizational structures within project management, e.g. hierarchical, matrix and functional. What are the strengths and weakness of each when deli ...

1 typically organizations evolve through a number of stages

1. Typically, organizations evolve through a number of stages as they gain experience with analytics and become more sophisticated in applying it toward the goal of developing a world class supply chain. Which of the fol ...

In hofstedes terminology a culture where risk-taking is

In Hofstede's terminology, a culture where risk-taking is valued is high in: Risk acceptance Entrepreneurial spirit Uncertainty acceptance Risk tolerance Which of the following European countries has the biggest economy? ...

A factory produces 30000 cell phones per day the dimensions

A factory produces 30,000 cell phones per day. The dimensions of the cell phone box are 4x3x1.5 inches. Each box weighs 6 ounces. We wish to have space for a 4 day supply of phones. The phone boxes are to be packed in a ...

1 what are the most effective leadership styles why are

1. What are the most effective leadership styles? Why are they effective? In your opinion, what are the least effective leadership styles? Explain. (150 words) 2. Why are innovation and entrepreneurial spirit important t ...

1 describe systems engineering and how does it impact your

1. Describe systems engineering and how does it impact your organization. 2. Discuss the role of the engineering department when planning aircraft facilities. 3. From an Aviation Maintenance Manager's perspective, what i ...

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 Operation Management Expert