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15 Sep 2020, 04:45
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A
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Question Stats:
96% (01:05) correct
4%
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For the 2006-2007 fiscal year, a textile manufacturing company has a total budget of at most $750,000 allocated for raw material and new employees. If the company uses x units of raw material at a cost of $250 per unit and hires y new employees at a cost of $30,000 per employee, which of the following equations best represents the company's 2006-2007 budget constraint with respect to x and y ?
A. \(250x + 30,000y \leq 750,000\)
B. \(250y + 30,000x \leq 750,000\)
C. \(\frac{250}{x} + \frac{30,000}{y} \leq 750,000\)
D. \(\frac{250}{y} + \frac{30,000}{x} \leq 750,000\)
E. \(\frac{250}{x} + \frac{30,000}{y} \leq \frac{750,000}{xy}\)
A. \(250x + 30,000y \leq 750,000\)
B. \(250y + 30,000x \leq 750,000\)
C. \(\frac{250}{x} + \frac{30,000}{y} \leq 750,000\)
D. \(\frac{250}{y} + \frac{30,000}{x} \leq 750,000\)
E. \(\frac{250}{x} + \frac{30,000}{y} \leq \frac{750,000}{xy}\)
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15 Sep 2020, 04:53
Kudos
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Total Budget raw materials and new employees is $750,000.
Units of raw material used = x
Cost per unit = $250
Therefore, total cost of x units of raw materials used = 250x
New employees hired = y
Total cost per employee = $30,000
Therefore, total cost of y employees = 30,000y
Therefore budget constraint will be 250x + 30,000y <= 750,000
The answer will be A.
Units of raw material used = x
Cost per unit = $250
Therefore, total cost of x units of raw materials used = 250x
New employees hired = y
Total cost per employee = $30,000
Therefore, total cost of y employees = 30,000y
Therefore budget constraint will be 250x + 30,000y <= 750,000
The answer will be A.
15 Sep 2020, 06:31
Kudos
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For the 2006-2007 fiscal year, a textile manufacturing company has a total budget of at most $750,000 allocated for raw material and new employees. If the company uses x units of raw material at a cost of $250 per unit and hires y new employees at a cost of $30,000 per employee, which of the following equations best represents the company's 2006-2007 budget constraint with respect to x and y ?
Explanation :
Total budget=$750,000
Qty of used raw material = x units
Cost per unit = $250/unit
total cost of x units of raw materials used = $250x
No. Of hired employees = y
cost per employee = $30,000
So, total cost of y employees = 30,000y
Thus expenditure= 250x + 30,000y
Available budget= 750,000
Constraints will be that expenditure can't exceed available budget i.e
250x + 30,000y <= 750,000
Hence A is the correct answer.
Regards,
Atul Pandey
Posted from my mobile device
Explanation :
Total budget=$750,000
Qty of used raw material = x units
Cost per unit = $250/unit
total cost of x units of raw materials used = $250x
No. Of hired employees = y
cost per employee = $30,000
So, total cost of y employees = 30,000y
Thus expenditure= 250x + 30,000y
Available budget= 750,000
Constraints will be that expenditure can't exceed available budget i.e
250x + 30,000y <= 750,000
Hence A is the correct answer.
Regards,
Atul Pandey
Posted from my mobile device
