The S75 per credit hour course fee tacked on to all the MBA classes has generated a windfall of S56,250 in its first semester. “Now we just need to make sure we spend it all,” the Assistant Dean cackl

  

The S75 per credit hour course fee tacked on to all the MBA classes has generated a windfall of S56,250 in its first semester. Now we just need to make sure we spend it all, the Assistant Dean cackled. She charged the Graduate Curriculum Committee with generating a shopping list before their next meeting Four months later, the chairman of the committee distributed the following. As the professor for the quantitative modeling course, he tended to think in terms of decision variables, so he added the left-most column for ease of use ecision ariable Item ote Pads for everybody 750/unit Must get a cover if these are purchased ot needed unless we buv iPads Pad covers with MBA logo S25/unit 15,000 eaker series Cant afford both this and the iPads Subscriptions to the Wall DStreet Journal $10/unit ont need if we have the electronic version Subscriptions to the ectronic version of the Wall treet Journal 5/unit orthless without the iPads 1. Which constraint best describes the situation with decision variables A and B? ?) ? . ?-0 C) B+A-1 D)B+AS1 2. Which of the constraints best describes the relationship between the iPads for everyone and the speaker series? A) A- CS1 D) A + C =2 3. Which of the following constraints best describes the relationship between the electronic Wall Street Journal subscription and the iPads? A) E – A0 BJE-A-1 C)E-AS0 D)E-AE1 4. Which of these formulations of the budget constraint is correct? Assume that there are 20 students in this semesters MBA class A) $750A $25B S15,000C S10D S5E s S56,250 B) 20A + 20BC 20D 20E S56,250 C) A B+C+DEs20 D) S15,000A S500B S15,000C $200OD +$100E s S56,250

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The S75 per credit hour course fee tacked on to all the MBA classes has generated a windfall of S56,250 in its first semester. “Now we just need to make sure we spend it all,” the Assistant Dean cackl
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