The labor needed to produce product 1 is 4 hours

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Decide how many of each of the following products your company should produce. The labor needed to produce product 1 is 4 hours, product 2 requires 9 hours of labor. Product 1 and product 2 both require 1 hour of inspection time before shipping. The company has up to 2000 labor hours for production and 380 hours available for inspection. Product 1 is sold for $140 and product 2 is sold for $280. What is your optimal product mix? How sensitive are your results to the prices of the products?

Reference no: EM13742136

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