How many of each type of table should the company produce

Assignment Help Econometrics
Reference no: EM13236110

A furniture manufacturer produces two types of tables (country and contemporary) using three types of machines. The time required to produce the tables on each machine is given in the following table.

Machine Country Contemporary Total Machine Time
Available per Week
Router 1.5 2.0 1000
Sander 3.0 4.5 2000
Polisher 2.5 1.5 1500

Country Tables sell for $350 and contemporary tables sell for $450. Management has determined that at least 20% of the tables made should be country and at least 30% should be contemporary. How many of each type of table should the company produce if it wants to maximize its revenue?

Reference no: EM13236110

Questions Cloud

The ceo of a small chain of women''s clothing stores : Compose a paper discussing your course of action and how the six steps helped you reach your decision. Explain why you feel the decision you made is the correct one for your company.
What is that maximum output number : What station sets the maxium possible output from this system? What is that maximum output number?
Describes the religious policies of the sassanid persians : Which of the following statements best describes the religious policies of the Sassanid Persians?
Identify and calculate the four financial ratios : Research on the Internet the published financial statements for one public corporation for the most recent two fiscal years. Identify and calculate the four financial ratios you think are most important for this company.
How many of each type of table should the company produce : Country Tables sell for $350 and contemporary tables sell for $450. Management has determined that at least 20% of the tables made should be country and at least 30% should be contemporary. How many of each type of table should the company produce
What strategies are recommended for a firm : Using a Grand Strategy Matrix approach, what strategies are recommended for a firm that is a weak competitor in a slow-growing market? Elaborate on what these strategies could mean for a college or university.
Religious rights of employees : Identify and describe a case in which an employer's activities were restricted because of religious rights of employees.
Racial composition of latin american societies : The racial composition of Latin American societies is one of the most complex in the world. Slavery ended in Cuba and Brazil before the adoption of the Thirteenth Amendment in the United States. Nineteenth century Latin America allowed more assimilat..
What will be value of investments at the end of time : A woman makes an investment every 3 months at a nominal annual interest rate of 28%, compounded quarterly. Her first investment was $100, followed by investments increasing $20 each 3 months.

Reviews

Write a Review

Econometrics Questions & Answers

  How much mpl of new hire is expected

You employ five workers and deciding whether to hire an additional help. MPL of new hire is expected to be 500 units per week. The market wage rate for the skill you are looking for is $1200 per week.

  Determine how much will kris-payments be

The car dealership allows her to defer payments for 12 months, and Kris makes 36 end-of-month payments thereafter. If the original note (loan) is for $24,000 and interest is 12% per month on the unpaid balance, how much will Kris/ payments be

  Explain steady rate

Matt Christpher is a 25 year old mechanical engineering and his salary next year will be $60,000.Matt expects that his salary will increase at a steady rate of 5%per year until his retirement at age 65.

  Explain what is the inverse demand function

Ajax, Inc. is a monopolist. The estimated demand function for its product is Qd = 120 - 0.8P + 12Y + 4A Where Qd denotes quantity demanded, P denotes price, Y denotes personal income (in thousands of dollars), and A denotes advertising expenditures

  Find an ad-valorem tax that would generate revenues

In a competitive market, the industry demand and supply curves are P=200-0.2×Qd and P=100+0.3×Qs, respectively. Can you find an ad-valorem tax that would generate $3200 of revenues for the government

  How much would the executive get if he exchanged

A Jamaican music executive leaves Kingston for New York to promote a reggae concert tour. He exchanges 100,000 Jamaican dollars for American dollars ($104 Jamaican = $1.00 US). After his stay in New York, he has to head to Tokyo (a reggae-crazy c..

  Determine current book value based on operating hour method

The Eimac tubes in a linear amplifier for radio transmission are estimated to provide 18,000 hours of operation before requiring replacement. A pair of tubes cost $20,000 and has no salvage value. Their use, expressed in hours over a 4-year period

  Determine the amount in the fund immediately

Five annual deposits in the amounts of ($1,200, $1,000, $800, $600, and $400) are made into a fund that pays interest at a rate of 9% compounded annually. Determine the amount in the fund immediately after the 5th deposit

  What is the after-tax cash flow derived from the sale

An asset with an original cost of $100,000 and a current book value of $20,000 is sold for $50,000 as part of a capital budgeting project. The company has a tax rate of 30%. What is the after-tax cash flow derived from the sale of the asset

  Compare firms total revenue to total amount paid for labor

a.Calculate the marginal revenue product for each add. unit of labor of output sell $3 b. draw the damand curve for labor based on above data and the $3 per unit product price c. wage rate is 15 per hour, how much labor will be hired

  New piece of equipment can be bought at what price

A company bought a piece of equipment for $100000 3 years ago, with salvage values of $20000 after 8 years. The machine now can be sold for $35000. The annual operating cost for this equipment is $15000. A new piece of equipment can be bought.

  Determine the price and quantity at the kink of demand

The kinked demand curve in a duopoly market is defined by two equations P1 = 10.0.75 * Q P2 = 16-2 * Q Determine the price and quantity at the kink of demand curve. Using the equation provide calculate and draw the MR curve.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd