The chris beehner company manufactures two lines of designer yard gates, called model a and model b. every gate requires blending a certain amount of steel and zinc; the company has available a total of 25,000 lb of steel and 6,000 lb of zinc. each model a gate requires a mixture of 125 lb of steel and 20 lb of zinc, and each yields a profit of $90. each model b gate requires 100 lb of steel and 30 lb of zinc and can be sold for a profit of $70. using linear programming, find the best production mix of yard gates?

Refer to the payoff matrix. suppose that speedy bike and power bike are the only two bicycle manufacturing firms serving the market. both can choose large or small advertising budgets. is there a nash equilibrium solution to this game?

Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?