Suppose that in the above model the top brass company

This preview shows page 1 - 2 out of 2 pages.

2.Suppose that in the above model, the Top Brass company decides to add cross country trophies to their offerings. The cross-country trophy is similar to the soccer trophy, but does not require aball, and likewise uses 2 board feet of wood. The profit on the trophy is initially set at $9. a.Add this variable to the model and resolve.b.Conduct a sensitivity analysis of the profit of the cross-country trophy, ranging from $5 to $12, to determine if (or when) the production model would change in that range from the production model in (a).3.A family farm has 625 acres available for planting. The crops the family is considering are corn, wheat and oats. It is anticipated that 1,000 acre-feet of water will be available for irrigation, and the farmers will be able to devote 300 hours of labor per week. Additional data is presented in the table below.Requirements per acreCornWheatOatsIrrigation (acre-feet)3.01.01.5

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture