Problem 3 Anderson Home Electronics Example Anderson Home Electronics is considering the production of four inexpensive products for the low-end consumer market: an MP3 player, a satellite radio tuner. an LCD TV, and a Blu-Ray DVD player. For the sake of this example, let us assume that the input for all products can be viewed in terms of just three resources: electronic components, nonelectronic components, and assembly time. The composition of the four products in terms of these three inputs is shown in Table 4.1, along with the unit selling prices of the products. Electronic components can be obtained at $7 per unit; nonelectronic components can be obtained at $5 per unit: assembly time costs $10 per hour. Each resource is available in limited quantities during the upcoming production cycle, as shown in Table 4.1. Anderson believes the market demand is strong enough that it can sell all the quantities it makes of each product. Determine the product mix to maximize the company's profit LCD TV MP3 Player Satellite Radio Tuner Blue Ray DVD Player Cost/Unit Supply 4700 $7 4500 $5 Electronic Component Non-electronic component Assembly Time (hrs) Selling Price Selling Price 2500 $10 $70 $80 $150 $110 Model for Anderson Home Electronics