User Account

All Pages

Styles of steel hammers with wooden handles

Assignment Help Operation Management
Reference no: EM132841281

Banner Tools produces two styles of steel hammers with wooden handles. The first sells for $6 and consists of .5 pounds of steel; the second sells for $15 and consists of 1 pound of steel. Since steel costs the firm $4 per pound and the handle, labor, and packaging costs amount to $1 for either hammer, the profits coefficients are $6 - .5($4) - $1 = $3 for the smaller hammer and $15 - 1($4) - $1 = $10 for the larger hammer. Thus the objective function for this model is MAX 3X1 + 10X2. Given that the shadow price for steel is $2, which of the following statements is correct?

Reference no: EM132841281

Questions Cloud

What amount should xyz report as income tax payable : At the end of the preceding year, XYZ Inc. had a deferred tax asset, In its current year balance sheet, what amount should XYZ report as income tax payable?
Design a bearing assembly that minimises friction : Design a bearing assembly that minimises friction and wear and Perform qualitative and quantitative analysis on mechanical systems
Define the term cultural diffusion : 1. Define the term 'cultural diffusion" and discuss two examples of how cultures from another country have influenced our culture here in Canada.
What was the beginning balance of accounts receivable : The ending balance of the Accounts Receivable account was $12,000. What was the beginning balance of Accounts Receivable
Styles of steel hammers with wooden handles : Banner Tools produces two styles of steel hammers with wooden handles. The first sells for $6 and consists of .5 pounds of steel;
Identify the hard and soft technology : Identify the hard and soft technology Identify the technology barriers used for both the domestic and global environments of your company. This is not about com
Derail the execution of your strategic plan : Look at the barriers and opportunities of the current culture of the company vs. what changes in culture may derail the execution of your strategic plan.
Prepare the journal entry to record abc income tax expense : Prepare the journal entry to record ABC's income tax expense for 2019. Prepare the journal entry to record ABC's income tax expense for 2020.
Why is reengineering often more difficult than expected : Why is reengineering often more difficult than expected? What would you say to an employee who says to you "

Reviews

Write a Review

Operation Management Questions & Answers

  Compare two codes from the marketing association

Code of Conduct in the European Union and Statement of Ethics discuss and compare the two codes from these marketing association. Discuss the similarities and differences between the two.

  Find economies of scope

Find economies of scope. Provide examples of specific actions Harley-Davidson's managers could take to reduce expenses or share activities.

  What is the utility of a linear model of patient care

1. What is the utility of a linear model of patient care as the basis for a decision-support system? What are two primary limitations? Discuss two challenges that a nonlinear model poses for representing and supporting the care process in an in..

  Why would creating and maintaining succession plan

Why would creating and maintaining a succession plan be wise for each of these types of small businesses?

  Determine potential hot spots

You have been asked to provide a system for making fresh brownies for a church youth group fund-raiser. Since you are known to be a student at UST, the Youth Council has asked you to plan the brownie project.

  Business for acquiring sophisticated computer technology

What business forms are available to this business for acquiring sophisticated computer technology?

  Problem on production management

For the four basic configurations that follow, assume that the market is demanding product that must be processed by both Resource X and Resource Y for Cases I, II and III.

  Primary task response-discuss leader effectiveness

Primary Task Response: Within the Discussion Board area, write 600–700 words that respond to the following questions with your thoughts, ideas, and comments. Discuss a leader's effectiveness using utilitarianism as the ethical decision-making approac..

  Difference between warranty disclaimer and remedy limitation

What is the difference between a warranty disclaimer and a remedy limitation? Sellers often include this language: “Sold as is.” What does that mean, legally? When is such exclusion unconscionable? Does that mean that if a consumer is injured, the co..

  How is green marketing being promoted

How is green marketing being promoted?

  Incentives in the firm–managing the carpet store

He manages the operation from his office in the store where carpet is displayed. He pays his receptionist/secretary an hourly wage.

  Payroll program

Joe Blow has written a payroll program for her company to use and has made a mistake in the code. He has computed the gross pay by dividing the hours worked by the hourly rate instead of multiplying the two amounts. What is this mistake called?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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