Understanding Budget Allocation and Labor Constraints in Projects
School
The American School of Dubai**We aren't endorsed by this school
Course
SOC 315
Subject
Economics
Date
Dec 11, 2024
Pages
1
Uploaded by GrandPenguin4796
1. A company has a budget of $10,000 to allocate for two projects: Project A and Project B. IfProject A costs $300 per unit and Project B costs $500 per unit, which equation represents the total cost of both projects if \( x \) is the number of units of Project A and \( y \) is the number of units of Project B?- A) \( 300x + 500y = 10,000 \)- B) \( 300x + 500y < 10,000 \)- C) \( 300x + 500y > 10,000 \)- D) \( 300x + 500y = x + y \)2. A factory produces two types of widgets: Type X and Type Y. Each Type X widget requires 2 hours of labor and each Type Y widget requires 3 hours of labor. If the factory has 120 hours of labor available, which inequality represents the labor constraint if \( x \) is the number of Type X widgets and \( y \) is the number of Type Y widgets?- A) \( 2x + 3y \leq 120 \
