Asenior class of 420 students will rent buses and vans for a class trip. each bus can transport 50 students and 3 chaperones and costs $1200 to rent. each van can transport 10 students and 1 chaperone and costs $100 to rent. there are 36 chaperones available (so they can't all go in vans). how many vehicles of each type should be rented in order to minimize the cost? linear programming model objective function (max or min):

Which of the following statements is true about financial planning

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.

Which curve shows increasing opportunity cost as you give up more of one option? demand curve bow-shaped curve yield curve indifference curve