Rung Development has just released two new smart home components. They have a wall switch that...
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Rung Development has just released two new smart home components. They have a wall switch that can manage up to three switches and a power outlet that drives two sepa- rate power plugs. The wall switch costs $8 to make and sells for $14. The power outlet costs $14 to make and sells for $21. There are $250 dollars available for producing the two devices. The company has more than 210 inches of wiring available. It requires 10 inches to make a switch, but only 5 to make a power outlet. The power outlets require 1 hour for production. The switch requires 1.5 hours for production. The company has 35 hours available for production. The company wants to sell at least 3X as many switches as outlets. How many of each product should it make in order to maximize its revenue? Rung Development has just released two new smart home components. They have a wall switch that can manage up to three switches and a power outlet that drives two sepa- rate power plugs. The wall switch costs $8 to make and sells for $14. The power outlet costs $14 to make and sells for $21. There are $250 dollars available for producing the two devices. The company has more than 210 inches of wiring available. It requires 10 inches to make a switch, but only 5 to make a power outlet. The power outlets require 1 hour for production. The switch requires 1.5 hours for production. The company has 35 hours available for production. The company wants to sell at least 3X as many switches as outlets. How many of each product should it make in order to maximize its revenue?
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To maximize revenue we need to determine the number of wall switches and power outlets that should b... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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