requires just 1 gallon per acre. What is the maximum profit he can make? SOLUTION TO PROBLEM NUMBER 1 let x = the number of acres of wheat let y = the number of acres of barley. since the farmer earns $5‚000 for each acre of wheat and $3‚000 for each acre of barley‚ then the total profit the farmer can earn is 5000*x + 3000*y. let p = total profit that can be earned. your equation for profit becomes: p = 5000x + 3000y that’s your objective function. it’s what you want to maximize the constraints
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Savage Inequalities: Essay on Chapters 1-4 Chris Hendrick Mayer‚ PHIL 1200-100 In chapter one of Savage Inequalities‚ by Jonathan Kozol‚ he speaks of the disastrous state of East St. Louis. He describes in horrific detail‚ the condition that many school children from grades K-12 are forced to learn in. East St. Louis is one of the worst ghettos in Illinois‚ and Kozol goes into great detail about the multitude of
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The United States is a capitalism nation‚ which is a normal phenomenon to have a wealth inequality. Otherwise‚ it would be a communism nation. However‚ when the wealth gap is too wide‚ there would be a big problem. In recent years‚ the wealth gap has expanded historically and unprecedentedly wide. The middle class and working class people start suffering. If the gap keeps expanding‚ the United States will be destroying by this economic issue. A better way describing this situation‚ The United State
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built-in optimization tool called Solver. Now we demonstrate how to use Excel spreadsheet modeling and Solver to find the optimal solution of optimization problems. If the model has two variables‚ the graphical method can be used to solve the model. Very few real world problems involve only two variables. For problems with more than two variables‚ we need to use complex techniques and tedious calculations to find the optimal solution. The spreadsheet and solver approach makes solving optimization
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a whole slew of unforeseen problems‚ many of which related to the bad conditions in which the working class was placed. Although many of these problems were unique in their solutions‚ many others could be solved with the application of socialist values within the capitalism that was eventually chosen. Some of the biggest problems caused by the Industrial Revolution were those pertaining to the working and living conditions of the working class. There are many accounts of people being mistreated
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The U.S. prison population over the past twenty-five years has been broadly discussed. Many studies over the years consider the changes in the social inequality in imprisonment. I chose this inequality because of the major increase in crime and using prison as a form of punishment in society. It is important to study the inequality in incarceration and mass imprisonment because of the many reoccurring incidents in today’s news and the growth in the number of prisons being made. The author Melanie
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Explain the causes of inequality and redistribution of income? Inequality of incomes is clearly not good as well if it results from government privileges. With the inequality‚ it can sets up perverse incentives. Inequality also arises from unequal labour market outcomes and from unequal ownership of capital driven by differences in human capital and discrimination. A Gino ratio can used to measure the level of inequality. When the Gino ratio increases‚ it means the income inequality has also increases
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DUE: OCTOBER 16‚ 2014 CASE PROBLEM The Southern Textile Mill produces 5 different fabrics. Each fabric can be woven on one or more of the mill’s 38 looms. The sales department’s forecast of demand for the next month is shown in Table 1 along with data on the selling price per yard‚ variable cost per yard‚ and purchase price per yard. The mill operates 24 hours a day and is scheduled for 30 days during the coming month. Fabric Demand Selling Price Variable Cost Purchase Price (yards)
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Economic inequality is the differences found in various measures of the economy within individuals of a group‚ groups in a population‚ and among countries. (Huffington Post 1). Economic inequality is sometimes called income inequality‚ wealth inequality‚ or the wealth gap. (The Equality Trust 2). There are three main types of economic inequality. Income‚ is the extent to which income is distributed unevenly in a group of people. Income is not just the money by pay‚ but also money received from employment
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the inequality between these two groups. In general‚ whites have more annual earnings than their black counterparts in America. Lori Ann Campbell and Robert L. Kaufman emphasized that the wealth determinants‚ which are the indicators of socio-economic status‚ have effected more on Whites than Blacks. And even when society is organized‚ there is still some disparities on account of race and ethnicity. (Campbell and Kaufman‚ 2006). And income disparities between African and White Americans have definitely
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