Micromedia offers computer training seminars on variety of topics. in the seminars each student
works at a personal computer, practicing the particular activity that the instructor is presenting.
micormedia is currently planning a two-day seminar on the use of microsoft excel in statistical
analysis. the projected fee for the seminar is $300 per student. the cost for the conference room,
instructor compensation, lab assistants, and promotion is $4800. micromedia rents computers for
its seminars at a cost of $30 per computer per day.
a. develop a model for the total cost to put on the seminar. let x represent the number of
students who enroll in the seminar.
b. develop a model for the total profit if x students enroll in the seminar.
c. micromedia has forecasted an enrollment of 30 students for the seminar. how much
profit will be earned if their forecast is accurate?
d. compute the breakeven point.

Amarket is said to be equilibrium when quantity demanded is equal to quantity supplied. critically analyse the above statement by giving different types of market

Needs to schedule the staffing of the center. it is open from 8am until midnight. larry has monitored the usage of the center at various times of the day and determined that the following number of computer consultants are required: time of dayminimum number of consultants required to be on duty8 am-noon4noon-4 pm84pm-8pm108pm-midnight6 two types of computer consultants can be hired: full-time and part-time. the full- time consultants work for eight consecutive hours in any of the shifts: morning (8am- 4pm), afternoon (noon-8pm) and evening (4pm-midnight). full-time consultants are paid $14 per hour. part-time consultants can be hired to work any of the four shifts listed in the table. part-time consultants are paid $12 per hour. an additional requirement is that during every time period, there must be at least two full-time consultants on duty for every part-time consultant on duty. larry would like to determine how many full-time and part-time consultants should work each shift to meet the above requirements at the minimum possible cost. formulate this as an lp problem. you must define your variables clearly

Your take on decision making process