Questions from Management Science


Q: The Valley Swim Club has 300 stockholders, each holding one share

The Valley Swim Club has 300 stockholders, each holding one share of stock in the club. A share of club stock allows the shareholder’s family to use the club’s heat...

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Q: The Accentuate Consulting Firm has eight projects for which it has contracted

The Accentuate Consulting Firm has eight projects for which it has contracted with clients to develop computer systems and software. The firm has 35 team members it can assign to the projects. The fir...

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Q: The Rainwater Brewery produces beer. The annual fixed cost is $

The Rainwater Brewery produces beer. The annual fixed cost is $150,000, and the variable cost per barrel is $16. Price is related to demand, according to the following linear equation: v = 75,000 - 1,...

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Q: The Rolling Creek Textile Mill makes denim. The monthly fixed cost

The Rolling Creek Textile Mill makes denim. The monthly fixed cost is $8,000, and the variable cost per yard of denim is $0.35. Price is related to demand, according to the following linear equation:...

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Q: The Grady Tire Company recaps tires. The weekly fixed cost is

The Grady Tire Company recaps tires. The weekly fixed cost is $2,500, and the variable cost per tire is $9. Price is related to demand, according to the following linear equation: v = 200 - 4.75 p Dev...

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Q: Andy Mendoza makes handcrafted dolls, which he sells at craft fairs

Andy Mendoza makes handcrafted dolls, which he sells at craft fairs. He is considering mass- producing the dolls to sell in stores. He estimates that the initial investment for plant and equipment wil...

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Q: The Rainwater Brewery produces beer, which it sells to distributors in

The Rainwater Brewery produces beer, which it sells to distributors in barrels. The brewery incurs a monthly fixed cost of $12,000, and the variable cost per barrel is $17. The brewery has developed t...

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Q: The Beaver Creek Pottery Company has developed the following nonlinear programming model

The Beaver Creek Pottery Company has developed the following nonlinear programming model to determine the optimal number of bowls (x1) and mugs (x2) to produce each day: Determine the optimal solution...

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Q: The Evergreen Fertilizer Company produces two types of fertilizers, Fastgro and

The Evergreen Fertilizer Company produces two types of fertilizers, Fastgro and Super Two. The company has developed the following nonlinear programming model to determine the optimal number of bags o...

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Q: Indicate which of the following probabilities are objective and which are subjective

Indicate which of the following probabilities are objective and which are subjective. (Note that in some cases, the probabilities may not be entirely one or the other.) a. The probability of snow tomo...

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