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The total manufacturing cost function of Mangwe limited is quadratic in nature and passes through the following points.
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Express link ltd. makes postage stamps for international communication. The office expenses are Sh. 540,000 per annum and each stamp costs Sh. 280 to produce. The company could produce and sell twice as many stamps next year as this year. This would reduce the unit cost of a stamp by Sh. 18. Each stamp sells for Sh. 360.Required.i) Number of postage stamps expected to be produced by Express link ltd. this year.ii) The expected increase in profits next year.
Date posted: May 17, 2021 . Answers (1)
Richard Kashero divided his savings as follows:Wife 30%, first son 25%, second son and daughter 15% each, youngest son 50% of the reminder and the rest to his younger brother who received Sh. 60,000.Required.The amount of money received by each of the above beneficiaries.
The demand for oranges in a local market is 400 units when the unit price is Sh 10 and 480 units when the unit price is Sh 8.Required.i) A linear demand functions for orangesii) The unit price of oranges when demand is 160 units.
Manjewa limited manufactures and sells a premium type of cooking oil known as 'Lamusa'.The marketing department of the company has been monitoring the demand and supply pattern of 'Lamusa'.
Toplink ltd manufactures metallic cups and plates. The cost of making 80 cups and 50 plates is Shs 14,000, while the cost of making 30 cups and 70 plates is Shs 7,300.Toplink ltd. makes a profit of 30% and 40% on each cup and plate respectively.Required:i) The cost of making a cup and a plateii) The selling price of a cup and a plate.
Citing an example in each case, distinguish between 'factorials' and 'permutations' as used in counting techniques.