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Activity scenarios:
1.
Answers:
a. Total = x + y
b. Total Cost = $0.20x + $0.25y
c. x + y = 5000
d. Total = x + y where x ≤ 4000 and y ≤ 3000
e. The minimum cost is 0.20x + 0.25y
x + y = 5000
x ≤ 400
y ≤ 3000
x, y ≤ 0
2.
Answers:
d= 800 - 10 d= 800 - 10
(20) (70)
The firm can sell 600 units if the per-unit price is $20 while it can sell 100 units if the per-unit price is
$70.
b.
As the per-unit price increases, the annual demand for the product in units decreases.
c. TR= d (p)
d.
e.
Answers:
1. Each of the 18 couples has to play with the other 17 couples once. This means that each couple
plays seventeen matches. Therefore, each couple has to play once every week of the season for
17 weeks.
The number of matches per week is . It also ensures that all the 18 couples get to
play once every week for 17 weeks.
2. Each of the 17 couples has to play with the other 16 couples once. This means that each couple
plays sixteen matches. Therefore, each couple can play once every week of the season and will
have one free week during the 17 weeks.