. 1. Jason makes diamond bracelets, necklaces, and earrings. He wants to work a maximum of 160...

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1. Jason makes diamond bracelets, necklaces, and earrings. He wants to work a maximum of 160 hours per month. He has 800 ounces of diamonds. The profit, labor time, and ounces of diamonds required to produce each product are as follows. If demand for each product is unlimited, how can Jason maximize his profit? Labor hours per Ounces of diamonds Product Unit profit unit per unit Bracelet $300 .35 1.2 Necklace $200 .15 .75 Earrings $100 .05 .5 In your product mix example, suppose that whenever you sell more than 400 pounds of any product, you must give a $1 per pound discount on each pound above 400 sold. How does this change the answer to the problem? 1. If demand is unlimited and negative production is allowed, find a feasible solution that earns a billion dollars. 1. Assuming unlimited demand and unlimited resources, find a feasible solution that earns $1 billion in profit. 1. Jason makes diamond bracelets, necklaces, and earrings. He wants to work a maximum of 160 hours per month. He has 800 ounces of diamonds. The profit, labor time, and ounces of diamonds required to produce each product are as follows. If demand for each product is unlimited, how can Jason maximize his profit? Labor hours per Ounces of diamonds Product Unit profit unit per unit Bracelet $300 .35 1.2 Necklace $200 .15 .75 Earrings $100 .05 .5 In your product mix example, suppose that whenever you sell more than 400 pounds of any product, you must give a $1 per pound discount on each pound above 400 sold. How does this change the answer to the problem? 1. If demand is unlimited and negative production is allowed, find a feasible solution that earns a billion dollars. 1. Assuming unlimited demand and unlimited resources, find a feasible solution that earns $1 billion in profit.

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