The ELC Corporation manufactures two industrial-sized electricaldevices: generators and alternators. Both of these products requirewiring and testing during the assembly process. Each generatorrequires 5 hours of wiring and 2 hour of testing and can be sold for a$420 profit. Each alternator requires 2 hours of wiring and 1 hours oftesting and can be sold for a $260 profit. There are 400 hours of wiringtime and 300 hours of testing time available in the next productionperiod and ELC wants to maximize profit.What is the shadow price of hours of testing?Question 5The ELC Corporation manufactures two industrial-sized electricaldevices: generators and alternators. Both of these products requirewiring and testing during the assembly process. Each generatorrequires 5 hours of wiring and 2 hour of testing and can be sold for a$420 profit. Each alternator requires 2 hours of wiring and 1 hours oftesting and can be sold for a $260 profit. There are 400 hours of wiringtime and 300 hours of testing time available in the next productionperiod and ELC wants to maximize profit.Management informs you that you have to cut 50 hours of eitherwiring or testing. Which would you choose?O wiringtestingit doesn't matter which one is cutO No answer text provided.

As per Bartleby's guidelines, I have Solved the first question as multiple questions are asked…

Answered: The ELC Corporation manufactures two…

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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Dairy company SG is producing milk at a fixed rate of 5,000 gallons/hour. The total customer order over a day is 100,000 gallons of milk. This demand is distributed evenly from 8:00 am to 6:00 pm. If there is no milk available, customers will wait until enough is produced to satisfy your orders. The company starts to produce at 8 am with 25,000 gallons in finished goods inventory. In the end, after that all the demand has been met, the plant continues producing until the stock of products finished is restored to 25,000 gallons. When answering the following questions, please address the trucks / milk as a continuous flow process. Start by drawing a graphic indicating how much milk is in stock and how much milk is “on hold” throughout the day. a) At what time of day will customers have to wait for their orders to be filled? b) At what time will customers stop waiting? c) Suppose the milk is collected in trucks with a capacity of 1,250 gallons each. What is the maximum number of trucks…
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