Deluxe River Cruises operates a fleet of river vessels. The fleet has two types of vessels: A type A vessel, x, has 60 deluxe cabins and 155 standard cabins, whereas a type B vessel, y, has 80 deluxe cabins and 120 standard cabins. Under a charter agreement with Odyssey Travel Agency, Deluxe River Cruises is to provide Odyssey with a minimum of 340 deluxe and 680 standard cabins for their 15-day cruise in May. It costs $46,000 to operate a type A vessel and $56,000 to operate a type B vessel for that period. How many of each type of vessel should be used in order to keep the operating costs, C (in dollars), to a minimum
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Amarket is said to be equilibrium when quantity demanded is equal to quantity supplied. critically analyse the above statement by giving different types of market
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Simon, aged 10, is invited to a classmate's birthday party at an exclusive ski resort on march 15th. the day will include 4 hours of snowboarding, lunch and birthday cake. simon's mother checks a box on the invitation that says "yes, we will attend" and returns it to the classmate's address. unfortunately, they later don't attend the party when simon comes down with the flu. on march 17th, simon's mother receives an invoice in the mail from simon's classmate for $35 that says, "party no-show fee." can simon's classmate collect the fee?
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Deluxe River Cruises operates a fleet of river vessels. The fleet has two types of vessels: A type A...
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