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1. A luxury watchmaker in Switzerland has monthly costs of $125,000 and variable costs of $4,700 per watch. The watchmaker sells each for $22,400.
a. Determine the monthly break-even volume for the company.
b. Graphically illustrate the break-even volume for the luxury watchmaker.
c. If the luxury watchmaker has a monthly capacity of 24 units, determine the break-even volume per the production capacity.
2. A jewelry store makes necklaces and bracelets from gold and platinum. The store has 18 ounces of gold and 20 ounces of platinum. Each necklace requires 3 ounces of gold and 2 ounces of platinum, whereas each bracelet requires 2 ounces of gold and 4 ounces of platinum. The demand for bracelets is no more than four. A necklace earns $300 in profit and a bracelet, $400. The store wants to determine the number of necklaces and bracelets to make in order to maximize profit.
a. Formulate a linear programming model for this problem
b. Solve this model by using graphical analysis.
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Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..
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Prepare a major handout on the key principles of instructional leadership
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