1. The Highland Craft Store is a small craft operation that employs local artisans to produce clay bowls and mugs. The two primary resources used by the company are special pottery clay and skilled labor. Given these limited resources, the company wants to know how many bowls and mugs to produce each day to maximize profit. The two products have the following resource requirements for production and selling price per item produced: Resource Requirements Product Labor (hr/unit) (ib/unit) Revenue (S/unit) Bowl 1 4 40 3 50 Mug 2 There are 40 hours of labor and 120 pounds of clay available each day.
1. The Highland Craft Store is a small craft operation that employs local artisans to produce clay bowls and mugs. The two primary resources used by the company are special pottery clay and skilled labor. Given these limited resources, the company wants to know how many bowls and mugs to produce each day to maximize profit. The two products have the following resource requirements for production and selling price per item produced: Resource Requirements Product Labor (hr/unit) (ib/unit) Revenue (S/unit) Bowl 1 4 40 3 50 Mug 2 There are 40 hours of labor and 120 pounds of clay available each day.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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