In: Economics
Question
A project management consultant estimated that if a particular
project was completed, t years after ...
Question
- A project management consultant estimated that if a particular
project was completed, t years after
completion, N thousand persons would benefit directly from the
project, where
N (t) = t3/3 -4.5t2 + 16t, 0 ≤
t ≤10
For
what value of t, will the largest number of people
receive direct benefits?
- A clothing manufacturer makes trousers, skirts and blouses.
Each trousers requires 20 minutes of cutting time, 60 minutes of
sewing time and 5 minutes of packaging time. Each skirt requires 15
minutes of cutting time, 30 minutes of sewing time and 12 minutes
of packaging time. Each blouse requires 10 minutes of cutting time,
24 minutes of sewing time and 6 minutes of packing time.
The amount of time available for
cutting, sewing and packaging is 115 hours, 280 hours and 65 hours
respectively. Using either the Inverse Method or the
Cramer’s Rule, determine how many of each type of clothing
should be made to use all available labour hour.