Question: provide solution for ( a ) Suppose that instead of $ 1 0 0 , each sapphire costs $ 1 2 0 . Would Zales
provide solution for
a Suppose that instead of $ each sapphire costs $ Would Zales still purchase sapphires? If yes,what would be the new optimal profit? If no write NO
Answer: $
b What is the most that Zales would be willing to pay for another sapphire on top of the regular price? ie what's ruby's shadow price?
Answer: $
c What is the most that Zales would be willing to pay for another ruby?
Answer: $
d Suppose that Zales were only required to produce at least Type rings. What would Zales' profit now be
Answer: $
e Zales is considering selling a new jewelry set consisting of sapphires and rubies. What should be the minimum selling price on this set for this to make sense?
Answer:
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
