firm produces three products , A , B and C , for sale both in the domestic market and in the export market and for sale to other firms . Last year domestic sales were , respectively ,50 , 60 and 80 . Exportssales were 25 , 40 and 20 . Sales to other firms were 10 , 20 and 30 . All figures are in units of thousands .This year domestic sales are expected to increase by 5% and exports sales by 10% . Sales to other firmsare expected to remain the same . The firm offers the products at the same price in all three markets Prices are currently $ 3 , $ 4 and $ 5 . Production costs for the three products are $ 2 , $ 3 and $ 4 . Find the projected profit of product A , product B and product C for this yea

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...
icon
Related questions
Question

A firm produces three products , A , B and C , for sale both in the domestic market and in the export market and for sale to other firms . Last year domestic sales were , respectively ,50 , 60 and 80 . Exportssales were 25 , 40 and 20 . Sales to other firms were 10 , 20 and 30 . All figures are in units of thousands .This year domestic sales are expected to increase by 5% and exports sales by 10% . Sales to other firmsare expected to remain the same . The firm offers the products at the same price in all three markets Prices are currently $ 3 , $ 4 and $ 5 . Production costs for the three products are $ 2 , $ 3 and $ 4 . Find the projected profit of product A , product B and product C for this year , respectively treat the questions as products ,not fucus on product names

 

A . ( 190 , 85 , 60)

B . ( 199.5 , 93.5 , 60 )

C . ( 27.5 , 44 , 55 )

D . ( 52.5 , 63 , 84 )

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Introduction to Forecasting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.