prodi by 10 units 3-71. A company that operates 10 hrs a day manufactures three products...
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prodi by 10 units 3-71. A company that operates 10 hrs a day manufactures three products on three processes The following table summarizes the data of the problem: Product 1 2 3 Process 1 10 256 Minutes per unit Process 2 Process 3 8 10 1000 8 12 Unit price $4.50 $5.00 $4.00 (a) Determine the optimal product mix. (b) Use the dual prices to prioritize the three processes for possible expansion. If additional production hours can be allocated, what would be a fair cost per additional hour for each process? (c) prodi by 10 units 3-71. A company that operates 10 hrs a day manufactures three products on three processes The following table summarizes the data of the problem: Product 1 2 3 Process 1 10 256 Minutes per unit Process 2 Process 3 8 10 1000 8 12 Unit price $4.50 $5.00 $4.00 (a) Determine the optimal product mix. (b) Use the dual prices to prioritize the three processes for possible expansion. If additional production hours can be allocated, what would be a fair cost per additional hour for each process? (c)
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