How many units of each monitor should retail store order

Assignment Help Managerial Economics
Reference no: EM13816302

A computer retail store sells two types of flat screen monitors: 22 inches and 25 inches, with a profit contribution of $300 and $250, respectively. The monitors are ordered each week from an outside supplier.

As an added feature, the retail store installs on each monitor a privacy filter that narrows the viewing angle so that only persons sitting directly in front of the monitor are able to see on-screen data. Each 25" monitor consumes about 30 minutes of installation time, while each 22" monitor requires about 10 minutes of installation time.

Product Profit Contribution Privacy filter install time
22" Monitor $300 30 min
25" Monitor $250 10 min

The retail store has approximately 40 hours of labor time available each week.

The total combined demand for both monitors is at least 40 monitors each week.

How many units of each monitor should the retail store order each week to maximize its weekly profits and meet its weekly demand?

- How many 22" Monitors should be ordered per week?

- How many 25" Monitors should be ordered per week?

Reference no: EM13816302

Questions Cloud

Selection of the firm : Determine an organization you will analyze and evaluate over the six weeks of this course. The organization can be one in which you work, one in which you have access, or one of such substance that significant internet material is available for yo..
Hiring of more claims representatives : Claims volume has recently jumped, resulting in the hiring of more Claims Representatives. You, as the Human Resource Manager, feel that a new position of Claims Supervisor is needed in order to manage the expanding claims operation.
Depression brochure : Depression Brochure
How your idea about professionalism and career opportunities : how your ideas about professionalism, career opportunities, and professional development and growth have changed, deepened, and/or expanded.
How many units of each monitor should retail store order : How many units of each monitor should the retail store order each week to maximize its weekly profits and meet its weekly demand?
Compare each school to the others from the region : Compare each school to the others from the region
What are some critical issues to academic study of religion : What are some critical issues to the academic study of religion?
Legal challenges for private security : Legal Challenges for Private Security: Using course material and additional scholarly sources the student will compose a 1,000 - 1,250 word paper outlining their response as a role player to a legal issue involving the Security manager
How has theology impacted personality theory : How has theology impacted personality theory

Reviews

Write a Review

Managerial Economics Questions & Answers

  Linear programming problem

Linear programming is a mathematical technique used to determine the optimal solutions to certain specific problems.

  Demand, supply and the market equilibrium

The article study for the demand, supply and the market equilibrium has been discussed. The article that has been review was published on August 2012.

  Supply and demand in professional sports

Draw the individual cost curves on one graph: marginal cost, average total cost, average ?xed cost, and average variable cost. Place costs ($) on the y-axis and quantity (Q) on the x-axis.

  Explain whether the firm will make economic profit

Explain whether the firm will make economic profit, In the short run and In the long run.

  Determine the official measure of the deficit

Determine the official measure of the deficit

  Coordination of the activities of a business

The organization and coordination of the activities of a business in order to achieve defined objectives.

  What is the profit maximizing number of gizmo widgets

What is the profit maximizing number of Gizmo Widgets that should be introduced? Be sure to account for the fact that Gizmo Widgets displace other kinds of widgets. Again, be sure you provide a brief explanation of your approach/reasoning.

  Determine autocorrelation function of a rectangular pulse

Prepare the sketch the Fourier transform of a rectangular pulse of amplitude 10 V and width 0.1 second that is centered on the zero time axis. Determine the autocorrelation function of a rectangular pulse.

  Managerial economics assignment

Carry out an analysis from the standpoint of both EMV and expected utility to establish Jeremiah’s best course of action, including a consideration of his bidding strategy with regard to the auction.

  Prepare a marginal cost analysed income statement for 2014

Prepare a Marginal Cost Analysed Income Statement for 2014 from the above data to identify total and individual medical procedure contributions and profits.

  Prepare a marginal cost analysed income statement for 2014

Prepare a Marginal Cost Analysed Income Statement for 2014 from the above data to identify total and individual medical procedure contributions and profits.

  Solve managerial economics questions

MGMT 3306: Solve the assignment problems, 1. Please answer the assignment questions in this docx file and save once you’re satisfied. Assignment 3covers the lectures slides for Week 6.

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