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ScantronAssignment1-R07

ScantronAssignment1-R07 - MGMT 3100 HOMEWORK ASSIGNMENT#1...

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MGMT 3100 HOMEWORK ASSIGNMENT #1 Note 1: Questions preceded by a single * belong to Scantron PART1 (front), those with ** belong to PART2 (back) Note 2: Questions in PART1 are worth 3.5 points, those in PART2 are worth 9 points. Note 3: FOR THIS ASSIGNMENT TURN IN YOUR SCANTRONS ONLY PROBLEM 1: Consider the following situation: Decision Variables: X, Y Maximize: P = 5 X + 6 Y Subject to: 1) 3 X + 2 Y <= 12 (labor hours) 2) 2 X + 3 Y <= 12 (materials) 3) X >= 0, Y >= 0 (non-neg) **Question 51. The optimal solution is: a. (0, 2.4) b. (2.4, 0) c. (2.4, 2.4) d. (5, 6) e. none of the above *Question 1. The optimal value of the Objective Function is: PROBLEM 2: Consider the following situation: Decision Variables: X, Y Minimize: Cost = 20 X + 30 Y Subject to: 1) 2 X + 4 Y <= 800 2) 6 X + 3 Y >= 300 3) X >= 0, Y >= 0 (non-neg) **Question 52. The optimal solution is:
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