Question: For each component, calculate the profit margin ( profit margin = selling price material cost labor cost ) . Formulate and solve for the recommended

For each component, calculate the profit margin (profit margin = selling price material cost labor cost). Formulate and solve for the recommended production quantities that will maximize contribution to profit.
What are the objective coefficient ranges for the three components? Interpret these ranges for company management.
What are the right-hand-side ranges? Interpret these ranges for company management.
If more time could be made available on the grinder, how much would it be worth?
If more units of component 3 can be sold by reducing the sales price by $4, should the company reduce the price?

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