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Formulate and solve the following problem to maximize profit: Our company sells two types of novelty items to local bookstores. Type 1 generates $3 profit for each unit sold and Type 2 generates $5 profit for each unit sold. Market conditions indicate that we cannot sell more than 4 units of Type 1 and more than 6 units of Type 2. We have 18 hours of labor available. Type 1 and Type 2 products require 3 hours and 2 hours of labor per unit respectively. Inventory policy dictates that we must deplete at least 50 units of raw material. Type 1 items require 3 units of raw material and Type 2 items require 5 units of raw material.
If the labor hours available is increased to 20 does this change the solution? Why or why not?
If profit for Type 2 novelties increases to $6 does this change the solution? Why or why not?
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When creating activities on node, and after finding the critical path for a project, if you need to crash a project, can you only choose time reductions from the critical path/paths?
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what are the characteristics of standard normal distribution? the hr department of an organization collects data on
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The Orange Company has introduced a new music device called the J-Pod. The J-Pod is sold through Good Buy, a major electronics retailer. What wholesale price should Orange charge for the J-Pod? At this wholesale price, what retail price should Good ..
Suppose you are a Human Resource professional helping to improve the performance management system of a company that sells and services office equipment. The company operates a call center that takes calls from customers who are having problems with ..
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