a) Define the term Quantitative Model?
b) A manufacturer of printed fabrics consists of thee machines, that prepare raw fabrics and five machines that print on it. Two type of printed fabric are produced. Type A need 3 minutes per meter to prepare and 6 minutes per meter to print. While Type B need 11 and 17 minutes per meter respectively. How much of each type of fabrics must be produced per hour in order to keep all the machines fully occupied?
a) Describe the method of Investment Evolution?
b) A new machine is expected to last eight years and to produce the annual savings of Rs. 23000/- What is its present value, allowing interest at 7% per annum.
problem 3: What are the transportation problems? Describe linear programming for transportation problem and the ways to minimize the combined production and transportation cost?
a) What do you understand by the term sensitivity analysis?
• Conceptual Model
• Mathematic Model
• Algorithms and Application
• Time series analysis
• Linear analysis
c) prepare brief notes on:
• Factor Elasticity
• Technological Change
• Production and Productivity
• Fixed inputs and variable inputs
• Short run and long run.
problem 5: What do you mean by opportunity costs? Describe with the help of exs, what problems are faced in measuring such costs?
problem 6: Why do firms produce more than one product? What is the rule for profit maximization for a multi product firm?
problem 7: What general guidelines must a firm follow in appropriately estimating the net cash flow from an investment?