Isoprofit Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Isoprofit? On this page you'll find 14 study documents about Isoprofit.
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ECON 212 Final exam 2024 with 100% correct answers
- Exam (elaborations) • 24 pages • 2024
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TRS correct answers-w1/w2 
 
Cost Function correct answersC(w1,w2,y) = w1x1 + w2x2 
 
Output (y) correct answersSub in x1 and x2 into Production Function 
 
Isoprofit Slope correct answersw1/p 
 
Isoprofit Y-int correct answersy = π/p + w1/p (x1) + w2/p (x2) 
 
Profit Function correct answersπ = Py - w1x1 - w2x2 
 
Gov Instituted Tax correct answersCosts Increase 
 
Gov Instituted Subsidy correct answersCosts Decrease 
 
Isoprofit Line correct answersProduction Function = f(x1,x2) = s.t. one o...
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IBA Year 1 Quantitative Decision Making Summary
- Summary • 13 pages • 2022
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The summary contains all chapters of the course Quantitative Decision making. I paid attention to all lecture slides, the workshops and the book. Received a 7.4 as a grade but I didnt study well and focused more on Operations Management.
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DSCI Exam 1 2023 with 100% correct answers
- Exam (elaborations) • 5 pages • 2023
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Other names for business decision modeling 
-management science 
-operations research 
-quantitative analysis 
-operations management 
 
 
 
constrained mathematical model 
costs of an objective and one or more constraints 
 
 
 
classification by the model purpose 
-optimization models 
-prediction models 
 
 
 
classification by the degree of certainty of the data in the model 
-deterministic models 
-probabilistic models 
 
 
 
BDM Scientific Process 
1. prob definition 
2.. mathematical mode...
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Linear Programming
- Presentation • 24 pages • 2022
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Linear Programming Presentation is about introduction, allocating resources, examples of successful LP applications, requirements of a linear programming problem, 5 basic assumptions of linear programming, formulating linear programming problems, formulation of LP problem, graphical solution method, slack and surplus variables, Iso-profit line solution, isoprofit lines steps, special cases in LP, the valuation of scarce resources and sensitivity analysis.
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Principles of Microeconomics Chapter 7 Notes
- Class notes • 4 pages • 2023
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Bullet points summarizing the contents of Chapter 7 of "The Economy" by Core.
Too much month left at the end of the money?
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Quantitative Decision Making summary
- Summary • 15 pages • 2020
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Summary of the Quantitative Decision Making course in the first year in the fourth block of the study International Business Administration at the Erasmus University in Rotterdam.
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Chapter 13: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
- Exam (elaborations) • 32 pages • 2020
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1. The set of all values of the changing cells that satisfy all constraints, not including the nonnegativity constraints, is
called the feasible region.
a. True
b. False

2. Linear programming is a subset of a larger class of models called:
a. mathematical programming models
b. mathematical optimality models
c. linear regression models
d. linear simplex model

3. In using Excel to solve linear programming problems, the target cell represents the:
a. value of the objective function
b. constraints...
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Consider again the two ways in which we can view the producer’s profit maximization problem. A: Suppose a homothetic production technology involves two inputs, labor and capital, and that its producer choice set is fully convex. (a) Illustrate the product
- Study guide • 3 pages • 2020
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Consider again the two ways in which we can view the producer’s profit maximization problem.
A: Suppose a homothetic production technology involves two inputs, labor and capital, and that its producer choice set is fully convex.
(a) Illustrate the production frontier in an isoquant graph with labor on the horizontal axis and capital on the vertical.

b) Does this production process have increasing or decreasing returns to scale? How would you be able to see this on an isoquant graph like the o...
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Core Econ Unit 7
- Summary • 4 pages • 2019
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Full Summary of the Core Econ Textbook used by many top universities including UCL, Oxford and Exeter. Bullpointed summary divided into each sub-section which breaks down the content into a few pages rather than a whole long chapter. All the relevant information is in the notes and so you can avoid having to read the whole thing.
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CORE Economy Chapter 7 - The Firm and Its Customers
- Summary • 6 pages • 2019
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This chapter covers the price firms are willing to set in order to maximise profits, as well as maximise the surplus they can achieve from the sales. It covers the effects of elasticities, and things which influence market power.
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