A retail catalog store specializes in outdoor clothing. Phone orders are taken each day by a large pool of computer operators, some of whom are permanent and some temporary. A permanent operator can process an average of 90 orders per day, whereas a temporary operator can process an average of 60 orders per day. The company averages at least 800 orders per day. The store has 11 computer workstations. A permanent operator is paid $150 per day, including benefits, and a temporary operator is paid $100 per day. Determine the number of permanent and temporary operators to hire to minimize costs.

5 permanent operators and 7 temporary operators

Explanation:

Let x represent the number of permanent operators and y represent the number of temporary operators.

The objective function is given as:

Minimize cost = 150x + 100y

There are 11 computer stations, hence:

x + y = 11      (1)

Also since the company averages at least 800 orders per day:

90x + 60y ≥ 800   (2)

The solution to the problem gives (11,0), (13.33, 0), (4.67, 6.33)

At (11, 0), Minimize cost = 150(11) + 100(0) = $1650

At (13.33, 0) , Minimize cost = 150(14) + 100(0) = $2000

At (4.67, 6.33), Minimize cost = 150(4.67) + 100(6.33) = $1334

The minimum cost is at x = 4.67 ≈ 5 and y = 6.33 ≈ 7

To minimize cost there is need to have 5 permanent operators and 7 temporary operators

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

the answer is account d