2.
A local manufacturing firm produces four different metal products, each of
which must be machined, polished and assembled. The specific time
requirements (in hours) for each product are as follows:
Machining,
hours
Polishing, hours
Assembling,
hours
Product I
3
1
2
Product II
2
1
1
Product III
2
2
2
Product IV
4
3
1
The firm has available to it on weekly basis, 480 hours of machining time, 400 hours
of polishing time and 400 hours of assembling time. The unit profits on the product

The production of the products are given below with the profit as well:

a. Production of Product 1 = 50 units per week

b. Production of Product 2 = 0 units per week

c. Production of Product 3 = 145 units per week

d. Production of Product 4 = 10 units per week

e. Total Profit = $1250 per week

Profit is the term used to describe the monetary gain experienced when the revenue from a business activity outpaces the costs, costs, and taxes incurred to maintain the activity in question.

Any earnings go back to the company's owners, who can choose to keep the money for themselves, give it to shareholders as dividends, or put it to use again in the company.

A business's profit is the money left over after all costs have been deducted. Any business, whether it be a lemonade stand or a publicly traded multinational corporation, has as its main objective making money. As a result, a business's success is measured by its profitability in all of its forms.

Depending on the analyst, profitability before taxes and other expenses may be more important to them than top-line profitability. Others are only interested in profitability after expenses have been covered.

Learn more about profit

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A local manufacturing firm produces four different metal products, each of which must be machined, polished and assembled. The specific time requirements (in hours) for each product are as follows:

Machining, hours Polishing, hours Assembling, hours

Product I 3 1 2

Product II 2 1 1

Product III 2 2 2

Product IV 4 3 1

The firm has available to it on weekly basis, 480 hours of machining time, 400 hours of polishing time and 400 hours of assembling time. The unit profits on the product

are Birr 360, Birr 240, Birr 360 and Birr 480, respectively. The firm has a contract with a distributor to provide 50 units of product I, and 100 units of any combination of products II and III each week. Through other customers the firm can sell each week as many units of products I, II and III as it can produce, but only a maximum of 25 units of product IV. How many units of each product should the firm manufacture each week to meet all contractual obligations and maximize its total profit? Make a mathematical model for the given problem. Assume that any unfinished pieces can be finished the following week.

Suppose that E and F are two events and that P(E)= 0.7 and P(FIE) = 0.3. What is P(E and F)? P(E and F) = (Simplify your answer.)

What is the location of A on the decimal number line below
Write your answer as a decimal.

Jenny will be travelling out of town for business. During her travel, she is scheduled to have 5 dinners, 6 lunches, and 4 breakfasts. Her employer will
pay her for these meals at the following rate:
$22.90 for dinner, $10.65 for lunch, and $6.45 for breakfast.
What is the total amount Jenny will be paid for these meals?

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4 yd
6 yd
2 yd

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