Which model of watches should company produce to max profit

Assignment Help Econometrics
Reference no: EM13237730

TASK - one company has one assembly line which can be used to produced only 1 of 3 watch models. (it can work 12 hours per day).

The sales, revenues and costs of one unit of each model of watches (in EUR):
Model A Model B Model C
Sales Price 100 110 95
Cost of materials 55 65 50
Cost of labour 20 30 25

PER HOUR: 2 modelA; 3 modelB; 4 modelC

assume that now there is a sortage of qualified labor and maximum amount of labor hours company can use per day is 70 (workers in company receive 10EUR per hour).Which model of watches should companu produce to maximize its profit?

Reference no: EM13237730

Questions Cloud

An organization''s budgets will often be prepared to cover : An organization's budgets will often be prepared to cover:
Explain the standard change in gibbs free energy : the standard change in Gibbs free energy is ?G° = -32.8 kJ/mol. What is ?G for this reaction at 298 K when the partial pressures are P C2H6=0.100atm, P H2=0.100atm and P CH4=.750atm
What rate of return would the residents receive on pipeline : Residents of a town take turns driving a water truck to a fire hydrant in a nearby town. They fill the truck with water and then haul it to a storage tank. Last year truck fuel and maintenance cost $3180.
How did the samurai become such a powerful force in japan : How did the Samurai become such a powerful force in Japan? Why did the "Shogun" remain in power in Japan for so many centuries
Which model of watches should company produce to max profit : assume that now there is a sortage of qualified labor and maximum amount of labor hours company can use per day is 70 (workers in company receive 10EUR per hour).Which model of watches should companu produce to maximize its profit
Explain the formation of esters of acetic acid : Consider the the list below for the formation of esters of acetic acid using different alcohols. What does it tell you about the relative ease of preparation of esters from different types of alcohols
Cubism-fauvism-futurism and expressionism categories : Discuss the relationships between early modernist art such as Cubism, Fauvism, futurism, and expressionism categories and the sociopolitical climate of the period.
Determine the resulting potential in the center of the penny : Four identical 7 mC charges are placed on a neutrally- charged penny, Determine the resulting potential in the center of the penny due to the four charges
What components of gdp would each of the transactions affect : What components of GDP (if any) would each of the following transactions affect. Explain. A family buys a new refrigerator, You buy a pizza, California repaves Highway 101, Your parents buy a bottle of French wine.

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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