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GRE Prep Club Team Member
Joined: 20 Feb 2017
Posts: 2508
Given Kudos: 1053
GPA: 3.39
For the 2006-2007 fiscal year, a textile manufacturing company has a t
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31 Jan 2023, 00:28
31 Jan 2023, 00:28
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For the 2006-2007 fiscal year, a textile manufacturing company has a total budget of at most $750,000 allocated for raw material and new employees. If the company uses x units of raw material at a cost of $250 per unit and hires y new employees at a cost of $30,000 per employee, which of the following equations best represents the company's 2006-2007 budget constraint with respect to x and y ?
A. \(250x + 30,000y \leq 750,000\)
B. \(250y + 30,000x \leq 750,000\)
C. \(\frac{250}{x} + \frac{30,000}{y} \leq 750,000\)
D. \(\frac{250}{y} + \frac{30,000}{x} \leq 750,000\)
E. \(\frac{250}{x} + \frac{30,000}{y} \leq \frac{750,000}{xy}\)
A. \(250x + 30,000y \leq 750,000\)
B. \(250y + 30,000x \leq 750,000\)
C. \(\frac{250}{x} + \frac{30,000}{y} \leq 750,000\)
D. \(\frac{250}{y} + \frac{30,000}{x} \leq 750,000\)
E. \(\frac{250}{x} + \frac{30,000}{y} \leq \frac{750,000}{xy}\)
GRE Prep Club Team Member
Joined: 20 Feb 2017
Posts: 2508
Given Kudos: 1053
GPA: 3.39
Re: For the 2006-2007 fiscal year, a textile manufacturing company has a t
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01 Feb 2023, 21:42
01 Feb 2023, 21:42
Expert Reply
Total Budget raw materials and new employees is $750,000.
Units of raw material used = x
Cost per unit = $250
Therefore, total cost of x units of raw materials used = 250x
New employees hired = y
Total cost per employee = $30,000
Therefore, total cost of y employees = 30,000y
Therefore budget constraint will be 250x + 30,000y <= 750,000
Answer: A
Units of raw material used = x
Cost per unit = $250
Therefore, total cost of x units of raw materials used = 250x
New employees hired = y
Total cost per employee = $30,000
Therefore, total cost of y employees = 30,000y
Therefore budget constraint will be 250x + 30,000y <= 750,000
Answer: A
gmatclubot
Re: For the 2006-2007 fiscal year, a textile manufacturing company has a t [#permalink]
01 Feb 2023, 21:42
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