Using information from this chapter pertaining to maximizing constrained resources, describe which product you would produce and explain your rationale.
Using information from this chapter pertaining to maximizing constrained resources, describe which product you would produce and explain your rationale.
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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Question
Imagine you produce baseball caps for local colleges.
The selling price is $12/hat regardless of the
customer. West Chester University and Millersville University both want hats tomorrow. That leaves you
with 24 hours of manufacturing time. You cannot fill both orders in 24 hours.
Therefore, you need to
choose one. Consider this information:
| Millersville | West Chester | |
| Selling price per hat | 12 | 12 |
| Variable Cost per hat | 5 | 6 |
| Production minutes per hat | 4 | 3 |
Using information from this chapter pertaining to maximizing constrained resources, describe which product
you would produce and explain your rationale.
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