What is the optimal value of profit

Assignment Help Business Management
Reference no: EM133101160

Alpha Metallic manufactures two models of desks used for offices. Manufacturing each heavy model requires 15 lb of metal and 12 min of labor. Manufacturing each standard model requires 10 lb of metal and 16 min of labor. The profit from each heavy model is $28, and the profit for each standard model is $22.

If a maximum 460 lb of metal and 520 labor minutes are to be used every day for production of desks:

a) How many desks of each model should Alpha Metallic produce each day in order to maximize its profit?

b) What is the optimal value of profit?

c) Determine the production combination if the profit of each heavy model becomes $20 while each standard model gives $35.

Hint: Feel free to use either corner method or the objective function line analysis to answer the questions.

Reference no: EM133101160

Questions Cloud

Legal and ethical scenarios-bankruptcy and insider trading : If Weaver qualified for Chapter 7, which debts would be discharged? Which debts would not be discharged? Why? Should the court grant the trustee's request?
Prepare the income statement for the month of january : On January 1 you purchase music equipment for $69,300 and $2,310 worth of music files from the same shop. Prepare the Income Statement for the Month of January
Native peoples in canada : In 2020, Native Peoples in Canada continue to face numerous issues in the following areas:
Determine the amount to be reported as the cost of the land : On March 1, 2003, Chowdhury Company acquired land for which it paid $90,000 cash. Determine the amount to be reported as the cost of the land
What is the optimal value of profit : If a maximum 460 lb of metal and 520 labor minutes are to be used every day for production of desks:
How much of the tax can she include as an itemized deduction : Haley Thomas has adjusted gross income of $48,000. She paid $3,400 in property taxes during the year. How much of the tax can she include as itemized deduction
Performance of general motors : In separate and numbered paragraphs, identify clearly and describe fully what you consider to be the main developments in the (external) environment which have
How much will this contribution reduce her taxes : If Michele is single, is in a 15 percent tax bracket, and is not subject to a phase out of deductions, how much will this $4,600 contribution reduce her taxes
How much of this can he include as an itemized deduction : Mike Hansen has adjusted gross income of $32,200. During the year, Mike decided he needed larger home. How much of this can he include as an itemized deduction

Reviews

Write a Review

Business Management Questions & Answers

  Create an application named cardemo

Create an application named CarDemo that declares at least two Car objects and demonstrates how they can be incremented using an overloaded ++ operator.

  Crew resource management

Explain the phrases "authority with participation" and "assertiveness with respect" in terms of Crew Resource Management.

  Divisional structure with departmentalization by product

Is another form of structural configuration better suited to multiproduct and multiservice companies? If not is there a form of departmentalization for multiproduct

  How does related diversification differ from unrelated

How does related diversification differ from unrelated diversification? Give three examples each to justify your answer.

  Explain the segmentation of customer requirements

1. Explain the segmentation of customer requirements suggested in the Kano model.

  Identification record of a newborn baby

Susan was recently arrested and indicted for violating the Infant Protection and Baby Switching Prevention Act by altering an identification record of a newborn

  What is a likely investment it would consider and why

MBA 520- Based on your knowledge of this organization, what is a likely investment it would consider and why? Be sure to describe the basic features of the investment as a foundation for considering its potential financial impact.

  Diagnosing strategic performance symptoms

Diagnosing strategic performance symptoms and determining cure(s) for such issues is an organizational necessity.

  They are measuring in a no control economy

What are the laws of supply and demand telling is about the variables they are measuring in a no control economy?

  What generic business-level strategy is lululemon pursuing

What generic business-level strategy is Lululemon pursuing? Does this strategy give it an advantage over its rivals in the athletic clothing business? If so, how?

  Developing potential and emerging educational leaders

List and define methods for developing potential and emerging educational leaders.

  Forecasting personnel expenses

The following information represent total personnel costs for Palmdale Human Service Agency for last four fiscal years:

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