Hart manufacturing makes three products. each product requires manufacturing operations in three departments: a, b, and c. the labor-hour requirements, by department, are as follows: department product 1 product 2 product 3 a 1.95 3.45 2.45 b 2.90 1.90 3.40 c 0.70 0.70 0.70

during the next production period, the labor-hours available are 540 in department a, 440 in department b, and 140 in department c. the profit contributions per unit are $34 for product 1, $37 for product 2, and $39 for product 3.

formulate a linear programming model for maximizing total profit contribution. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300)

let pi = units of product i produced

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

Abank provides its customers mobile applications that significantly simplify traditional banking activities. for example, a customer can use a smartphone to take a picture of a check and electronically deposit into an account. this unique service demonstrates the bank’s desire to practice which one of porter’s strategies?

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?