Griggs Pharmaceuticals entered into a licensing agreement with Lake Superior Lab for a new drug under development. Griggs will receive $8,100,000 if the new drug receives FDA approval. Based on prior approval, Griggs determines that it is 85% likely that the drug will gain approval. The transaction price of this arrangement should be:.a. $8,100,000.b. $6,885,000.c. $1,215,000.d. $0 until approval is received.

Acompany manufactures x units of product a and y units of product b, on two machines, i and ii. it has been determined that the company will realize a profit of $3 on each unit of product a and $4 on each unit of product b. to manufacture a unit of product a requires 7 min on machine i and 5 min on machine ii. to manufacture a unit of product b requires 8 min on mchine i and 5 min on machine ii. there are 175 min available on machine i and 125 min available on machine ii in each work shift. how many units of a product should be produced in each shift to maximize the company's profit p?