Question: A decorating store specializing in do - it - your - self home decorators must decide how many information packets to prepare for the summer
A decorating store specializing in doityourself home decorators must decide how many information packets to prepare for the summer decorating season. The store managers know they will require at least copies of their popular painting packet. They believe their new information packet on specialty glazing techniques could be a big seller, so they want to prepare at least copies. Their printer has given the following information: The painting packet will require minutes of printing time and minutes of collating time. The glazing packet will require minutes for each operation. The store has decided to sell the painting packet for $ a copy and to price the glazing packet at $ At this time, the printer can devote hours to printing and hours to collation. He will charge the store $ for each packet prepared. How many of each packet should the store order to maximize the revenue associated with information packets, and what is the stores expected revenue?
Note that since we only care about revenues you can ignore the $ cost per packet. Make sure your units match.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
