Math Problem Statement

A company with manufacturing plants located in State A and State B has​ labor-hour and wage requirements for the manufacture of three types of inflatable boats as given in the two matrices below. Complete parts​ (A) through​ (D). Hourly Wages ​Labor-Hours Per Boat State A State B Cutting Dept Assembly Dept Packaging Dept 17.56 17.69 Cutting Dept 0.5 0.4 0.2 ​1-person boat Nequals 14.22 14.52 Assembly Dept Mequals 1.4 0.9 0.6 ​2-person boat 9.57 11.42 Packaging Dept 1.7 1.6 0.7 ​4-person boat Question content area bottom Part 1 ​(A) Find the labor costs for a​ one-person boat manufactured at the State A plant.

Solution

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Math Problem Analysis

Mathematical Concepts

Matrix Multiplication
Cost Calculation
Labor-Hour and Wage Analysis

Formulas

Total Labor Cost = (Labor Hours in Dept 1 * Hourly Wage in Dept 1) + (Labor Hours in Dept 2 * Hourly Wage in Dept 2) + ...
Labor Costs for Each Department = Labor Hours * Hourly Wage

Theorems

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Suitable Grade Level

College Level (Applied Mathematics, Economics, Operations Management)