Question

Three engineers a (CE), an (EE) and a (ME)- each have a consulting firm.

The consulting they do is of a multidisciplinary nature, so they buy a portion of

each other services. For each $1 of consulting the CE does, she buys $.10 of

the EE's services and $.30 of the ME's services. For each $1 of consulting the

EE does, she buys $.20 of the CE's services and #.40 of the ME's services. And

for each of $1 of consulting the ME does, she buys $.30 of the CE services and

#.40 of the EE services. In a certain week the CE receives outside consulting

orders of $500, the EE receives outside consulting order of $700, and the ME

receives outside consulting order of $600. What dollar amount of consulting

does each engineer perform in that week.

Answer 1

As per given question

a)For each $1 of consulting the CE does, she buys $.10 of the EE's services and $.30 of the ME's services

b)For each $1 of consulting the EE does, she buys $.20 of the CE's services and $40 of the ME's services

c)for each of $1 of consulting the ME does, she buys $.30 of the CE services and $40 of the EE services.

CE receives outside consulting orders of $500

So, CE consulting = 500 * 0.6 + 700*0.2 + 600*0.3

=$ 620

EE receives outside consulting order of $700

So, EE consulting = 500* 0.1 + 700*0.4 +600 *0.4

= $570

ME receives outside consulting order of $600

ME consulting = 500*0.3+ 700*0.4 +600*0.3

= $610