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Two business owners Shveta and Ashok run their businesses in two different states. Each of them, independent of the other, produces two products A and B, sells them at Rs. 2,000 per kg and Rs, 3,000 per kg, respectively, and uses Linear Programming to determine the optimal quantity of A and B to maximize their respective daily revenue.Their constraints are as follows:i) for each business owner, the production process is such that the daily production of A has to be at least as much as B, and the upper limit for production of B is 10 kg per day, andii) the respective state regulations restrict Shveta’s production of A to less than 20 kg per day and Ashoks production of A to less than 15 kg per day. The demand of both A and B in both the states is very high and everything produced is sold.The absolute value of the difference in daily (optimal) revenue of Shveta and Ashok is ________ thousand Rupees (round off to 2 decimal places)Correct answer is '10'. Can you explain this answer? for GATE 2024 is part of GATE preparation. The Question and answers have been prepared
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the GATE exam syllabus. Information about Two business owners Shveta and Ashok run their businesses in two different states. Each of them, independent of the other, produces two products A and B, sells them at Rs. 2,000 per kg and Rs, 3,000 per kg, respectively, and uses Linear Programming to determine the optimal quantity of A and B to maximize their respective daily revenue.Their constraints are as follows:i) for each business owner, the production process is such that the daily production of A has to be at least as much as B, and the upper limit for production of B is 10 kg per day, andii) the respective state regulations restrict Shveta’s production of A to less than 20 kg per day and Ashoks production of A to less than 15 kg per day. The demand of both A and B in both the states is very high and everything produced is sold.The absolute value of the difference in daily (optimal) revenue of Shveta and Ashok is ________ thousand Rupees (round off to 2 decimal places)Correct answer is '10'. Can you explain this answer? covers all topics & solutions for GATE 2024 Exam.
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Here you can find the meaning of Two business owners Shveta and Ashok run their businesses in two different states. Each of them, independent of the other, produces two products A and B, sells them at Rs. 2,000 per kg and Rs, 3,000 per kg, respectively, and uses Linear Programming to determine the optimal quantity of A and B to maximize their respective daily revenue.Their constraints are as follows:i) for each business owner, the production process is such that the daily production of A has to be at least as much as B, and the upper limit for production of B is 10 kg per day, andii) the respective state regulations restrict Shveta’s production of A to less than 20 kg per day and Ashoks production of A to less than 15 kg per day. The demand of both A and B in both the states is very high and everything produced is sold.The absolute value of the difference in daily (optimal) revenue of Shveta and Ashok is ________ thousand Rupees (round off to 2 decimal places)Correct answer is '10'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Two business owners Shveta and Ashok run their businesses in two different states. Each of them, independent of the other, produces two products A and B, sells them at Rs. 2,000 per kg and Rs, 3,000 per kg, respectively, and uses Linear Programming to determine the optimal quantity of A and B to maximize their respective daily revenue.Their constraints are as follows:i) for each business owner, the production process is such that the daily production of A has to be at least as much as B, and the upper limit for production of B is 10 kg per day, andii) the respective state regulations restrict Shveta’s production of A to less than 20 kg per day and Ashoks production of A to less than 15 kg per day. The demand of both A and B in both the states is very high and everything produced is sold.The absolute value of the difference in daily (optimal) revenue of Shveta and Ashok is ________ thousand Rupees (round off to 2 decimal places)Correct answer is '10'. Can you explain this answer?, a detailed solution for Two business owners Shveta and Ashok run their businesses in two different states. Each of them, independent of the other, produces two products A and B, sells them at Rs. 2,000 per kg and Rs, 3,000 per kg, respectively, and uses Linear Programming to determine the optimal quantity of A and B to maximize their respective daily revenue.Their constraints are as follows:i) for each business owner, the production process is such that the daily production of A has to be at least as much as B, and the upper limit for production of B is 10 kg per day, andii) the respective state regulations restrict Shveta’s production of A to less than 20 kg per day and Ashoks production of A to less than 15 kg per day. The demand of both A and B in both the states is very high and everything produced is sold.The absolute value of the difference in daily (optimal) revenue of Shveta and Ashok is ________ thousand Rupees (round off to 2 decimal places)Correct answer is '10'. Can you explain this answer? has been provided alongside types of Two business owners Shveta and Ashok run their businesses in two different states. Each of them, independent of the other, produces two products A and B, sells them at Rs. 2,000 per kg and Rs, 3,000 per kg, respectively, and uses Linear Programming to determine the optimal quantity of A and B to maximize their respective daily revenue.Their constraints are as follows:i) for each business owner, the production process is such that the daily production of A has to be at least as much as B, and the upper limit for production of B is 10 kg per day, andii) the respective state regulations restrict Shveta’s production of A to less than 20 kg per day and Ashoks production of A to less than 15 kg per day. The demand of both A and B in both the states is very high and everything produced is sold.The absolute value of the difference in daily (optimal) revenue of Shveta and Ashok is ________ thousand Rupees (round off to 2 decimal places)Correct answer is '10'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Two business owners Shveta and Ashok run their businesses in two different states. Each of them, independent of the other, produces two products A and B, sells them at Rs. 2,000 per kg and Rs, 3,000 per kg, respectively, and uses Linear Programming to determine the optimal quantity of A and B to maximize their respective daily revenue.Their constraints are as follows:i) for each business owner, the production process is such that the daily production of A has to be at least as much as B, and the upper limit for production of B is 10 kg per day, andii) the respective state regulations restrict Shveta’s production of A to less than 20 kg per day and Ashoks production of A to less than 15 kg per day. The demand of both A and B in both the states is very high and everything produced is sold.The absolute value of the difference in daily (optimal) revenue of Shveta and Ashok is ________ thousand Rupees (round off to 2 decimal places)Correct answer is '10'. Can you explain this answer? tests, examples and also practice GATE tests.