Question: Please explain machine are as follows: ( a ) For each component, calculate the profit margin ( profit margin = selling price - material cost
Please explain
machine are as follows:
a For each component, calculate the profit margin profit margin selling price material cost labor cost
Component : $
Component : $
Component : $
Formulate and solve the model to determine the maximum profit. If the constant is it must be entered in the box. If an amount is zero, enter
Let C units of component manufactured
C units of component manufactured
C units of component manufactured
d If more time could be made available on the grinder, how much would it be worth? Explain.
because the constraint related to the time available on the grinder
binding.
e If more units of component can be sold by reducing the sales price by $ should the company reduce the price?
Select your answer
because the production of component would be
profitable than the production of the other two components and at the reduced price
Select your answer
of component would be produced.
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