MAT 540 Quiz 4

Week 6 Quiz 4:

1. The standard form for the computer solution of a linear programming problem requires all variables to the right and all numerical values to the left of the inequality or equality sign 

True/ False

2. _________ is maximized in the objective function by subtracting cost from revenue.

Profit

 Revenue

 Cost

 Productivity

3. A croissant shop produces 2 products: bear claws (B) and almond filled croissants (C). Each bear claw requires 6 ounces of flour, 1 ounce of yeast, and 2 TS of almond paste. An almond filled croissant requires 3 ounces of flour, 1 ounce of yeast, and 4 TS of almond paste. The company has 6600 ounces of flour, 1400 ounces of yeast, and 4800 TS of almond paste available for today's production run. Bear claw profits are 20 cents each, and almond filled croissant profits are 30 cents each. What is the optimal daily profit?

$380

 $400

 $420

 $440

 $480

4. In an unbalanced transportation model, supply does not equal demand and supply constraints have signs.   True/ False

5. The production manager for Liquor etc. produces 2 kinds of beer: light and dark. Two of his resources are constrained: malt, of which he can get at most 4800 oz per week; and wheat, of which he can get at most 3200 oz per week. Each bottle of light beer requires 12 oz of malt and 4 oz of wheat, while a bottle of dark beer uses 8 oz of malt and 8 oz of wheat. Profits for light beer are $2 per bottle, and profits for dark beer are $1 per bottle. What is the objective function?

Z = $1L + $2D

 Z = $4L + $8D

 Z = $12L + $8D

 Z = $2L + $1D

 Z = $2L + $4D

6. In a media selection problem, the estimated number of customers reached by a given media would generally be specified in the _________________. Even if these media exposure estimates are correct, using media exposure as a surrogate does not lead to maximization of___.

problem constraints, sales

 problem constraints, profits

 objective function, profits

 problem output, marginal revenue

 problem statement, revenue