SOLVE Assignment and Project

Q2. a. Explain the graphical method of solving Linear Programming Problem.
b. A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper in a week. There are 160 production hours in a week. It requires 0.20 and 0.40 hours to produce a ton of grade X and Y papers. The mill earns a profit of Rs. 200 and Rs. 500 per ton of grade X and Y paper respectively. Formulate this as a Linear Programming Problem.

a. Explain the concept of linear programming
Describe the graphical method of solving Linear Programming Problem
b. Frame/formulate the LPP (Objective function & Constraints) 2+4+4=10

MB0051-Legal Aspects of Business
Sikkim Manipal university
Q.1: Explain the performance of contracts.
Ans.
Definition of performance of contracts :
Sections 37-67 of the Contracts Act deal with the performance of a contract. A contract creates obligations. Performance of a contract takes effect when the parties to the contract fulfill their obligations within the time and manner specified under the contract. The parties to a contract must either perform or offer to perform their respective promises unless such performance is dispensed with or excused under the provisions of law (section 37)........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................