Question

In: Advanced Math

Because of new federal regulations on pollution, a chemical plant introduced a new, more expensive process...

Because of new federal regulations on pollution, a chemical plant introduced a new, more expensive process to supplement or replace an older process used in the production of a particular chemical. The older process emitted 20grams of sulfur dioxide and 40 grams of particulate matter into the atmosphere for each gallon of chemical produced. The new process emits 5grams of sulfur dioxide and 20 grams of particulate matter for each gallon produced. The company makes a profit of 60 cents per gallon and 20 cents per gallon on the old and new processes, respectively.
a) If the government allows the plant to emit no more than 16,000 grams of sulfur dioxide and 30,000 grams of particulate matter daily, how many gallons of the chemical should be produced by each process to maximize daily profit? What is maximum daily profit?
b) Discuss the effect on the production schedule and the maximum profit if the government decides to restrict emissions of sulfur dioxide to 11,500 grams daily and all other data remain unchanged.
c) Discuss the effect on the production schedule and the maximum profit if the government decides to restrict emissions of sulfur dioxide to 7,200 grams daily and all other data remain unchanged.

Solutions

Expert Solution

When the limitation on production of both sulfur dioxide and Particulate matter is given, the number of gallons produced is selected such that maximum production of sulfur dioxide and Particulate matter is not exceeded.


Related Solutions

Pollution taxes and tradable pollution permits are more efficient forms of regulation than pollution limits because:...
Pollution taxes and tradable pollution permits are more efficient forms of regulation than pollution limits because: Taxes and tradable permits cause firms with lower abatement costs to pollute less than firms with higher abatement costs Taxes and tradable permits cause a greater reduction in pollution than pollution limits Taxes and tradable permits increase firms’ marginal costs Taxes and tradable permits reduce firms’ marginal costs Taxes and tradable permits cause firms with lower abatement costs to pollute more than firms with...
Examine the differences between state and federal regulations of managed care. Which regulations have more impact...
Examine the differences between state and federal regulations of managed care. Which regulations have more impact on managed care? Explain. Requirements: Submit your essay in a Word document. This assignment must be at least 500 words, with at least four references cited properly in APA format, and a title page (APA format). This assignment must be well- written with proper grammar, spelling, and punctuation. Follow the rubric.
1. Because plant and animal life on earth is impossible without photosynthesis A. environmental pollution is...
1. Because plant and animal life on earth is impossible without photosynthesis A. environmental pollution is not a problem B. there is concern for increasing numbers of plant species that face extinction C. worldwide decline of insect diversity is of no concern D. there is no need to consider conservation biology 2. Reactions with a positive ΔG can occur as part of coupled reaction are reactions that can never happen reactions that do not require activation energy are exergonic 3....
Because people dislike commuting to work, homes closest to employment centers tend to be more expensive....
Because people dislike commuting to work, homes closest to employment centers tend to be more expensive. The price of a home in a given employment center is $60 per day. The daily rental price for housing drops by $2.50 per mile for each mile farther from the employment center. The price of gasoline per mile of commute is pg (pg < $2.50) Thus, the net cost of traveling an extra mile to work is pg − $2.5. Lan chooses the...
What are the two principle methods for the layout of process equipment in a chemical plant?
What are the two principle methods for the layout of process equipment in a chemical plant?
Why are liquor licenses vastly more expensive in New Jersey as opposed to New York City?...
Why are liquor licenses vastly more expensive in New Jersey as opposed to New York City? why are taxi licences vastly more expensive in New York than New Jersey? how has services such as Uber and Lyft affected the cost of taxi licences?
Using arduino 1 In a certain chemical processing plant, a liquid chemical element is used in a manufacturing process.
 Using arduino 1  In a certain chemical processing plant, a liquid chemical element is used in a manufacturing process. This chemical element is stored in three different tanks. A level sensor in each tank according to the figure generates a HIGH level voltage when the liquid level in the tank falls below 25%. Design a circuit with Arduino to monitor the level of the chemical element that will trigger an alarm when the level of AT LEAST 2 tanks drops...
A new chemical process has been developed for producing gasoline.  The company claims that this new process...
A new chemical process has been developed for producing gasoline.  The company claims that this new process will increase the octane rating of the gasoline. Sixteen samples of the gasoline produced with the new process are selected at random and their octane reading were: 94, 93, 97, 92, 96, 94, 95, 91, 98, 95, 92, 91, 98, 95, 92, 91, 95, 96, 97, 93. If the mean octane using the existing process is 93, is the company's claim correct (use 1%)...
URGENTLY NEEDED A process plant is to be designed to make 65 kg/d of a chemical...
URGENTLY NEEDED A process plant is to be designed to make 65 kg/d of a chemical product selling at $200/kg. The operating time will be 300 day/year. Investments: Fixed capital investment is estimated to be $6×106 which is 75% of the total capital investment. Expenses: The annual production cost (not including depreciation) is estimated to be $1.2×106 /year. For depreciation charges, the straight line method can be used over ten years as expected life of the plant. Tax, MARR, and...
A new chemical plant will be constructed. The following data is used for this construction. Using...
A new chemical plant will be constructed. The following data is used for this construction. Using this data; Draw the Cumulative Cash Flow Diagram for Nondiscounted and Discounted after-tax cash flows. Define the profitability criteria for each Cash Flows (Nondiscounted and Discounted) Calculate and show, PBP, CCP, CCR, ROROI, DPBP, NPV, DCFROR on the Cash Flow Diagram. DATA: Cost of Land, L           : 5x106 TL FCI, during year 1       : 7x106 TL FCI, during year 2       : 30x106 TL FCI,...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT