Advertisements
Advertisements
Laspeyre’s Price Index Number uses current year’s quantities as weights.
Concept: Construction of Index Numbers >> Weighted Aggregate Method
Calculate Marshall – Edgeworth’s price index number for the following data:
| Commodity | Base year | Current year | ||
| Price | Quantity | Price | Quantity | |
| P | 12 | 20 | 18 | 24 |
| Q | 14 | 12 | 21 | 16 |
| R | 8 | 10 | 12 | 18 |
| S | 16 | 15 | 20 | 25 |
Concept: Construction of Index Numbers >> Weighted Aggregate Method
The cost of living index number using Weighted Relative Method is given by ______.
Concept: Cost of Living Index Number
The company makes concrete bricks made up of cement and sand. The weight of a concrete brick has to be at least 5 kg. Cement costs ₹ 20 per kg and sand costs of ₹ 6 per kg. Strength consideration dictates that a concrete brick should contain minimum 4 kg of cement and not more than 2 kg of sand. Form the L.P.P. for the cost to be minimum.
Concept: Linear Programming Problem (L.P.P.)
Feasible region is the set of points which satisfy ______.
Concept: Introduction of Linear Programming
A firm manufactures two products A and B on which profit earned per unit are ₹ 3 and ₹ 4 respectively. Each product is processed on two machines M1 and M2. The product A requires one minute of processing time on M1 and two minutes of processing time on M2, B requires one minute of processing time on M1 and one minute of processing time on M2. Machine M1 is available for use for 450 minutes while M2 is available for 600 minutes during any working day. Find the number of units of products A and B to be manufactured to get the maximum profit.
Concept: Linear Programming Problem (L.P.P.)
Solve the following L.P.P. by graphical method:
Maximize: Z = 10x + 25y
subject to 0 ≤ x ≤ 3,
0 ≤ y ≤ 3,
x + y ≤ 5.
Also find the maximum value of z.
Concept: Mathematical Formulation of Linear Programming Problem
Solve the following L.P.P. by graphical method:
Minimize: Z = 6x + 2y subject to x + 2y ≥ 3, x + 4y ≥ 4, 3x + y ≥ 3, x ≥ 0, y ≥ 0.
Concept: Mathematical Formulation of Linear Programming Problem
Objective function of LPP is ______.
Concept: Linear Programming Problem (L.P.P.)
The optimal value of the objective function is attained at the ______ points of the feasible region.
Concept: Linear Programming Problem (L.P.P.)
A train carries at least twice as many first class passengers (y) as second class passengers (x). The constraint is given by ______.
Concept: Linear Programming Problem (L.P.P.)
Graphical solution set of x ≤ 0, y ≥ 0 in xy system lies in second quadrant.
Concept: Mathematical Formulation of Linear Programming Problem
Maximize Z = 60x + 50y Subject to x + 2y ≤ 40, 3x + 2y ≤ 60, x ≥ 0, y ≥ 0
Concept: Mathematical Formulation of Linear Programming Problem
Choose the correct alternative:
The feasible region is
Concept: Linear Programming Problem (L.P.P.)
Choose the correct alternative:
The point at which the minimum value of Z = 8x + 12y subject to the constraints 2x + y ≥ 8, x + 2y ≥ 10, x ≥ 0, y ≥ 0 is obtained at the point
Concept: Mathematical Formulation of Linear Programming Problem
Choose the correct alternative:
The corner points of feasible region for the inequations, x + y ≤ 5, x + 2y ≤ 6, x ≥ 0, y ≥ 0 are
Concept: Mathematical Formulation of Linear Programming Problem
State whether the following statement is True or False:
If the corner points of the feasible region are `(0, 7/3)`, (2, 1), (3, 0) and (0, 0), then the maximum value of Z = 4x + 5y is 12
Concept: Mathematical Formulation of Linear Programming Problem
A doctor prescribed 2 types of vitamin tablets, T1 and T2 for Mr. Dhawan. The tablet T1 contains 400 units of vitamin and T2 contains 250 units of vitamin. If his requirement of vitamin is at least 4000 units, then the inequation for his requirement will be ______
Concept: Introduction of Linear Programming
Heramb requires at most 400 calories from his breakfast. Every morning he likes to take oats and milk. If each bowl of oats and a glass of milk provides him 80 calories and 50 calories respectively, then as a constraint this information can be expressed as ______
Concept: Introduction of Linear Programming
Smita is a diet conscious house wife, wishes to ensure certain minimum intake of vitamins A, B and C for the family. The minimum daily needs of vitamins A, B, and C for the family are 30, 20, and 16 units respectively. For the supply of the minimum vitamin requirements Smita relies on 2 types of foods F1 and F2. F1 provides 7, 5 and 2 units of A, B, C vitamins per 10 grams and F2 provides 2, 4 and 8 units of A, B and C vitamins per 10 grams. F1 costs ₹ 3 and F2 costs ₹ 2 per 10 grams. How many grams of each F1 and F2 should buy every day to keep her food bill minimum
Concept: Mathematical Formulation of Linear Programming Problem
