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Suppose Eleanor is currently using combination D, producing one knit cap per day. Her opportunity cost of producing a second knit cap per day is per day. Now, suppose Eleanor is currently using combination C, producing two knit caps per day. Her opportunity cost of producing a third knit cap per day is per day. From the previous analysis, you can determine that as Eleanor increases her production of knit caps, her opportunity cost of producing one more knit cap Suppose Eleanor buys a new tool that enables her to produce twice as many knit caps per hour as before, but it doesn't affect her ability to produce embroidered sweaters. Use the green points (triangle symbol) to plot her new PPF on the previous graph. Because she can now make more knit caps per hour, Eleanor's opportunity cost of producing embroidered sweaters is previously. it was 

          Suppose Eleanor is currently using combination D, producing one knit cap per day. Her opportunity cost of producing a second knit cap per day is
per day.
Now, suppose Eleanor is currently using combination C, producing two knit caps per day. Her opportunity cost of producing a third knit cap per day is
per day.
From the previous analysis, you can determine that as Eleanor increases her production of knit caps, her opportunity cost of producing one more knit
cap
Suppose Eleanor buys a new tool that enables her to produce twice as many knit caps per hour as before, but it doesn't affect her ability to produce
embroidered sweaters. Use the green points (triangle symbol) to plot her new PPF on the previous graph.
Because she can now make more knit caps per hour, Eleanor's opportunity cost of producing embroidered sweaters is
previously.
it was
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Suppose Eleanor is currently using combination D, producing one knit cap per day. Her opportunity cost of producing a second knit cap per day is per day. Now, suppose Eleanor is currently using combination C, producing two knit caps per day. Her opportunity cost of producing a third knit cap per day is per day. From the previous analysis, you can determine that as Eleanor increases her production of knit caps, her opportunity cost of producing one more knit cap Suppose Eleanor buys a new tool that enables her to produce twice as many knit caps per hour as before, but it doesn't affect her ability to produce embroidered sweaters. Use the green points (triangle symbol) to plot her new PPF on the previous graph. Because she can now make more knit caps per hour, Eleanor's opportunity cost of producing embroidered sweaters is previously. it was

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Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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Suppose Eleanor is currently using combination D, producing one knit cap per day. Her opportunity cost of producing a second knit cap per day is per day. Now, suppose Eleanor is currently using combination C, producing two knit caps per day. Her opportunity cost of producing a third knit cap per day is - per day. From the previous analysis, you can determine that as Eleanor increases her production of knit caps, her opportunity cost of producing one more knit cap Suppose Eleanor buys a new tool that enables her to produce twice as many knit caps per hour as before, but it doesn't affect her ability to produce embroidered sweaters. Use the green points (triangle symbol) to plot her new PPF on the previous graph. Because she can now make more knit caps per hour, Eleanor's opportunity cost of producing embroidered sweaters is previously. Suppose Eleanor is currently using combination D, producing one knit cap per day. Her opportunity cost of producing a second knit cap per day is per day. Now, suppose Eleanor is currently using combination C, producing two knit caps per day. Her opportunity cost of producing a third knit cap per day is per day.
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Hart Manufacturing makes three products. Each product requires manufacturing operations in three departments: A, B, and C. The labor-hour requirements, by department, are as follows. Department Product 1 Product 2 Product 3 A 1.50 3.00 2.00 B 2.00 1.00 2.50 C 0.25 0.25 0.25 During the next production period, the labor-hours available are 450 in department A, 350 in department B, and 50 in department C. The profit contributions per unit are $27 for product 1, $29 for product 2, and $31 for product 3. (a) Formulate a linear programming model for maximizing total profit contribution. (Let Pi = units of product i produced, for i = 1, 2, 3.) Max: 27P1 + 29P2 + 31P3 s.t. Department A: 1.50P1 + 3.00P2 + 2.00P3 <= 450 Department B: 2.00P1 + 1.00P2 + 2.50P3 <= 350 Department C: 0.25P1 + 0.25P2 + 0.25P3 <= 50 P1, P2, P3 >= 0 (b) Solve the linear program formulated in part (a). How much of each product should be produced, and what is the projected total profit contribution (in dollars)? (P1, P2, P3) = (need answer/equation/inequality here) with profit $ (need answer here) (c) After evaluating the solution obtained in part (b), one of the production supervisors noted that production setup costs had not been taken into account. She noted that setup costs are $420 for product 1, $520 for product 2, and $570 for product 3. If the solution developed in part (b) is to be used, what is the total profit contribution (in dollars) after taking into account the setup costs? $ (need answer here)

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Transcript

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00:02 Hello, let's use the graph to show the possible production choices.
00:14 Let's ungrade the graph of the possibilities production of frontier.
00:22 So here we have trucks and drums.
00:40 Drums here and traps there if it's zero it will be 20 here i'm putting this way five or maybe i can put this two four eight two four six eight trucks here will have 20 ten fifteen and five and five and let me use the red color to show the old production possibilities frontier.
01:37 So if it's zero it will be zero trucks and 20 drums.
01:46 If it's one it will be 19.
01:51 When it's one, like here.
01:57 When 2 drugs it's 17, 3 is 12, and when 4 it's 0.
02:14 So this is the pbf for these are 5 points.
02:30 So here we have these 5 points.
02:37 Okay, the question is, suppose kenji is currently using combination d.
02:49 Let me put in letters a, b, c, d and e.
02:59 So if he is in point d, he produces one drop per day and opportunity cost of producing the second truck per day is equal to when he produces the second drug he will sacrifice two drums because of we use 19 minus 17 is equal to 2.
03:38 Now suppose he is currently using combination c.
03:42 So this one is in d.
03:45 Now it's c...
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