Week_7_solutions - 1 WEEK 7 - SOLUTIONS TUTORIAL QUESTIONS...

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1 WEEK 7 - SOLUTIONS TUTORIAL QUESTIONS 1. HPW 7.2, Problem 9, p.292 Answer: 2. HPW 7.2, Problem 14, p.293 Answer:
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2 3. (From QMA final exam June 2000) Excitement is spreading through the music industry as two legendary groups of the past have announced that they are simultaneously releasing new CDs. Supplies of the ADDA and Beetle albums will be limited due to manufacturing capacity. The owner of the only music store in a country town has had the following conditions imposed on her order for the first month after the release. 1. The minimum order for each group’s recording is 50 CDs. 2. No more than 400 Beetle albums will be available to each store. 3. The total order for both albums cannot exceed 900. The owner also knows that past sales indicate that the number of ADDA fans in town is at least one third the number of Beetle fans so she will maintain this ratio in the number of albums ordered. The store will sell the ADDA CD for $30 and the Beetle double CD album for $45. It can be assumed that, due to the enormous publicity
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This note was uploaded on 07/30/2011 for the course ECON 1202 taught by Professor Lorettiisabelladobrescu during the Three '11 term at University of New South Wales.

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Week_7_solutions - 1 WEEK 7 - SOLUTIONS TUTORIAL QUESTIONS...

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