Problem. 6: Gator Office Supplies sells two models of fax machines. The wholesale cost of the Blue model is $ 100 and the cost of the Orange model is $ 150. The retail price of the Blue is $130 and of the Orange is $ 190. In any given month the store sells at most 2500 machines total and because of budget concerns management has earmarked no more than $ 600,000 per month to purchase inventory. How many units of each model should the manager order each month in order to maximize monthly profit? Blue Orange ? ?

Problem. 6: Gator Office Supplies sells two models of fax machines. The wholesale cost of the Blue model is $ 100 and the cost of the Orange model is $ 150. The retail price of the Blue is $130 and of the Orange is $ 190. In any given month the store sells at most 2500 machines total and because of budget concerns management has earmarked no more than $ 600,000 per month to purchase inventory. How many units of each model should the manager order each month in order to maximize monthly profit? Blue Orange ? ?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Problem. 6: Gator Office Supplies sells two models of fax machines. The wholesale cost of the Blue model is $ 100
and the cost of the Orange model is $ 150. The retail price of the Blue is $ 130 and of the Orange is $190. In any
given month the store sells at most 2500 machines total and because of budget concerns management has
earmarked no more than $ 600,000 per month to purchase inventory. How many units of each model should the
manager order each month in order to maximize monthly profit?
What is the maximum profit?
Blue
Orange
FA
?
?

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