HLT3701 Assignment 2 (COMPLETE ANSWERS) 2026 -
DUE June 2026
A local bagel shop produces two products: bagels (B) and croissants (C). Each
bagel requires 6 ounces of flour, 1 gram of yeast, and 2 tablespoons of sugar. A
croissant requires 3 ounces of flour, 1 gram of yeast, and 4 tablespoons of sugar.
The company has 6,600 ounces of flour, 1,400 grams of yeast, and 4,800
tablespoons of sugar available for today's production run. Bagel profits are 20
cents each, and croissant profits are 30 cents each.Which of the following is not a
feasible production combination?
800 B and 600 C
1,100 B and 0 C
0 B and 1,400 C
0 B and 1,100 C
0 B and 0 C
A local bagel shop produces two products: bagels (B) and croissants (C). Each
bagel requires 6 ounces of flour, 1 gram of yeast, and 2 tablespoons of sugar. A
croissant requires 3 ounces of flour, 1 gram of yeast, and 4 tablespoons of sugar.
The company has 6,600 ounces of flour, 1,400 grams of yeast, and 4,800
tablespoons of sugar available for today's production run. Bagel profits are 20
cents each, and croissant profits are 30 cents each.What are optimal profits for
today's production run?
$380
A local bagel shop produces two products: bagels (B) and croissants (C). Each
bagel requires 6 ounces of flour, 1 gram of yeast, and 2 tablespoons of sugar. A
croissant requires 3 ounces of flour, 1 gram of yeast, and 4 tablespoons of sugar.
The company has 6,600 ounces of flour, 1,400 grams of yeast, and 4,800
tablespoons of sugar available for today's production run. Bagel profits are 20
cents each, and croissant profits are 30 cents each.For the production
combination of 600 bagels and 800 croissants, which resource is slack (not fully
used)?
flour and sugar
An analyst, having solved a linear programming problem, determined that he had
10 more units of resource Q than previously believed. Upon modifying his
program, he observed that the list of basic variables did not change, but the value
of the objective function increased by $30. This means that resource Q's shadow
price was:
, $3.00
For a linear programming problem with the following constraints, which point is
in the feasible solution space assuming this is a maximization problem?
14x+6y≤42
x−y≤3
x = 2, y = 1
Which of the following choices constitutes a simultaneous solution to these
equations?
3x+2y=6
6x+3y=12
x = 2, y = 0
A decision maker's worst option has an expected value of $1,000, and her best
option has an expected value of $3,000. With perfect information, the expected
value would be $5,000. The decision maker has discovered a firm that will, for a
fee of $1,000, make her position-risk free. How much better off will her firm be if
she takes this firm up on its offer?
$1,000
Consider the following decision scenario:
State of Nature
HL
Buy $ 80*. 0
Rent 70. 30
Lease 30 50
*PV for profits ($000)
The maximax strategy would be:
Buy
Consider the following decision scenario:
State of Nature
HL
Buy $ 80*. 0
Rent 70. 30
Lease 30 50
*PV for profits ($000)
The maximin strategy would be:
Lease
DUE June 2026
A local bagel shop produces two products: bagels (B) and croissants (C). Each
bagel requires 6 ounces of flour, 1 gram of yeast, and 2 tablespoons of sugar. A
croissant requires 3 ounces of flour, 1 gram of yeast, and 4 tablespoons of sugar.
The company has 6,600 ounces of flour, 1,400 grams of yeast, and 4,800
tablespoons of sugar available for today's production run. Bagel profits are 20
cents each, and croissant profits are 30 cents each.Which of the following is not a
feasible production combination?
800 B and 600 C
1,100 B and 0 C
0 B and 1,400 C
0 B and 1,100 C
0 B and 0 C
A local bagel shop produces two products: bagels (B) and croissants (C). Each
bagel requires 6 ounces of flour, 1 gram of yeast, and 2 tablespoons of sugar. A
croissant requires 3 ounces of flour, 1 gram of yeast, and 4 tablespoons of sugar.
The company has 6,600 ounces of flour, 1,400 grams of yeast, and 4,800
tablespoons of sugar available for today's production run. Bagel profits are 20
cents each, and croissant profits are 30 cents each.What are optimal profits for
today's production run?
$380
A local bagel shop produces two products: bagels (B) and croissants (C). Each
bagel requires 6 ounces of flour, 1 gram of yeast, and 2 tablespoons of sugar. A
croissant requires 3 ounces of flour, 1 gram of yeast, and 4 tablespoons of sugar.
The company has 6,600 ounces of flour, 1,400 grams of yeast, and 4,800
tablespoons of sugar available for today's production run. Bagel profits are 20
cents each, and croissant profits are 30 cents each.For the production
combination of 600 bagels and 800 croissants, which resource is slack (not fully
used)?
flour and sugar
An analyst, having solved a linear programming problem, determined that he had
10 more units of resource Q than previously believed. Upon modifying his
program, he observed that the list of basic variables did not change, but the value
of the objective function increased by $30. This means that resource Q's shadow
price was:
, $3.00
For a linear programming problem with the following constraints, which point is
in the feasible solution space assuming this is a maximization problem?
14x+6y≤42
x−y≤3
x = 2, y = 1
Which of the following choices constitutes a simultaneous solution to these
equations?
3x+2y=6
6x+3y=12
x = 2, y = 0
A decision maker's worst option has an expected value of $1,000, and her best
option has an expected value of $3,000. With perfect information, the expected
value would be $5,000. The decision maker has discovered a firm that will, for a
fee of $1,000, make her position-risk free. How much better off will her firm be if
she takes this firm up on its offer?
$1,000
Consider the following decision scenario:
State of Nature
HL
Buy $ 80*. 0
Rent 70. 30
Lease 30 50
*PV for profits ($000)
The maximax strategy would be:
Buy
Consider the following decision scenario:
State of Nature
HL
Buy $ 80*. 0
Rent 70. 30
Lease 30 50
*PV for profits ($000)
The maximin strategy would be:
Lease
