Kalyan Singhal Corp. makes three products, and it has three machines available as resources as given in the following LP problem Maximize contribution= a) Using a computer software for solving LP, the optimal solution achieved is X₁=(round your response to two decimal places) 4X₁ +4x₂+7X3 1X, +7X₂ +4X₂ s 100 2X₁ + 1X₂ +7X₂ s 110 8X, +4X₂ + 1X₂ = 100 X₁ X₂ Xy 20 (C₁ hours on machine 1) (C₂ hours on machine 2) (C3 hours on machine 3)
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- The following payment period ratios, averaged, for borrowings were reported for the year 2021 by five competing biotech firms in San Diego: KLM-0.378 NOP = 0.348 QRS 0.421 UTV -0.355 XYZ 0.353 Question: Which of these five blotech firms reported the most efficient ("best") ratio for loan O Blotech firm XYZ O Biotech firm UTV OBotech firm KLM 1O Blotech firim QRS Botech firm NOPProblem 2 Suppose that for years East Campus' short-run Phillips Curve was such that each 1 percentage point increase in its unemployment rate was associated with a 2-percentage point decline in its inflation rate. Then, during several recent years, the short-run pattern changed such that its inflation rate rose by 3 percentage points for every 1 percentage point drop in its unemployment rate. Graphically, did East Campus' Phillips Curve shift upward or did it shift downward?Explain why satisficing exists and why someone would not require an optimal solution.
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