Kalyan singhal corp. makes three products, and it has three machines available as resources as given in the following lp problem: maximize contribution = 6x1 + 8x2 + 4x3subject to: 1x1 + 7x2 + 4x3 < = 72(hours on machine 1)2x1 + 1x2 + 7x3 < = 76 (hours on machine 2)8x1 + 4x2 + 1x3 < = 72 (hours on machine 3)x1, x2, x3 > =0(a) determine the optimal solution using lp software. (b) is there unused time available on any of the machines with the optimal solution? (c) what would it be worth to the firm to make an additional hour of time available on the third machine?

answer; (c) penalty

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answer social mobility;