Question

A company wishes to produce two types of souvenirs

A company wishes to produce two types of souvenirs: Type A and Type B. Each Type A souvenir will result in a profit of $1, and each Type B souvenir will resul in a profit of $1.20. To manufacture a Type A souvenir requires 2 minutes on Machine I and 1 minute on Machine II. A Type B souvenir requires 1 minute on Machine I and 3 minutes on Machine II. There are 3 hours available on Machine 1 and 5 hours available on Machine II. 


(a) The optimal solution holds if the contribution to the profit of a Type B souvenir lies between _______  and _______ .

(b) Find the contribution to the profit of a Type A souvenir (with the contribution to the profit of a Type B souvenir held at $1.20), given that the optimal profit of the company will be $208.80.  

(c) what will be the optimal profit of the company if the contribution to the profit of a Type B souvenir is $1.50 (with the contribution to the profit of a Type A souvenir held at $1.00)? 

1 0
Add a comment Improve this question Transcribed image text
✔ Recommended Answer
Answer #1

Add a comment
Know the answer?
Add Answer to:
A company wishes to produce two types of souvenirs
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
  • A company manufactures x units of Product A and y units of Product 8, on two...

    A company manufactures x units of Product A and y units of Product 8, on two machines, I and II. It has been determined that the company will realize a profit of unit of Product A and a profit of $4/unit of Product B. To manufacture a unit of Product A requires 6 min on Machine 1 and 5 min on Machine Il. To manufacture a unit of Product requires 9 min on Machine and 4 min on Machine IL...

  • -12 Points) DETAILS ASK YOUR TEACHER A company manufactures x units of Product A and y...

    -12 Points) DETAILS ASK YOUR TEACHER A company manufactures x units of Product A and y units of Product B, on two machines, I and II. It has been determined that the company will realize a profit of $3/unit of Product A and a profit of $5/unit of Product B. To manufacture a unit of Product A requires 6 min on Machine I and 5 min on Machine II. To manufacture a unit of Product B requires 9 min on...

  • Determining the optimal Product Mix with One Constrained Resource Comfy Fit Company manufactures two types of...

    Determining the optimal Product Mix with One Constrained Resource Comfy Fit Company manufactures two types of university sweatshirts, the Swoop and the Rufus, with unit contribution margins of $4 and $15, respectively. Regardless of type, each sweatshirt must be fed through a stitching machine to affix the appropriate university logo. The firm leases seven machines that each provides 1,000 hours of machine time per year. Each Swoop sweatshirt requires 6 minutes of machine time, and each Rufus sweatshirt requires 30...

  • Comfy Fit Company manufactures two types of university sweatshirts, the Swoop and the Rufus, with unit...

    Comfy Fit Company manufactures two types of university sweatshirts, the Swoop and the Rufus, with unit contribution margins of $5 and $15, respectively. Regardless of type, each sweatshirt must be fed through a stitching machine to affix the appropriate university logo. The firm leases seven machines that each provides 1,000 hours of machine time per year. Each Swoop sweatshirt requires 6 minutes of machine time, and each Rufus sweatshirt requires 20 minutes of machine time. Assume that a maximum of...

  • Determining the optimal Product Mix with One Constrained Resource Comfy Fit Company manufactures two types of...

    Determining the optimal Product Mix with One Constrained Resource Comfy Fit Company manufactures two types of university sweatshirts, the Swoop and the Rufus, with unit contribution margins of $8 and $19, respectively. Regardless of type, each sweatshirt must be fed through a stitching machine to affix the appropriate university logo. The firm leases seven machines that each provides 1,100 hours of machine time per year. Each Swoop sweatshirt requires 9 minutes of machine time, and each Rufus sweatshirt requires 24...

  • Determining the Optimal Product Mix with One Constrained Resource Comfy Fit Company manufactures ...

    Determining the Optimal Product Mix with One Constrained Resource Comfy Fit Company manufactures two types of university sweatshirts, the Swoop and the Rufus, with unit contribution margins of $8 and $15, respectively. Regardless of type, each sweatshirt must be fed through a stitching machine to affix the appropriate university logo. The firm leases seven machines that each provides 1,000 hours of machine time per year. Each Swoop sweatshirt requires 6 minutes of machine time, and each Rufus sweatshirt requires 30...

  • A company manufacture two type's game's machines and each one requires a different manufacturing technique Machine...

    A company manufacture two type's game's machines and each one requires a different manufacturing technique Machine one requires 22 labor hours, 4 testing hours and has profit of $125. Machine two requires 5 labor hours, 2 testing hours and has a profit of $80. The company has 500 hours available for labor y 250 hours for testing. It was being estimated that the demand for each machine it at most 25, and 40 for machine 1 and 2 respectively. Reformulate...

  • Determining the Optimal Product Mix with One Constrained Resource and a Sales Constraint Comfy Fit Company...

    Determining the Optimal Product Mix with One Constrained Resource and a Sales Constraint Comfy Fit Company manufactures two types of university sweatshirts, the Swoop and the Rufus, with unit contribution margins of $5 and $15, respectively. Regardless of type, each sweatshirt must be fed through a stitching machine to affix the appropriate university logo. The firm leases seven machines that each provides 1,000 hours of machine time per year. Each Swoop sweatshirt requires 6 minutes of machine time, and each...

  • Also please solve by either using excel or R LP solvers The Magnetron Company manufactures and markets microwave ovens. Currently, the company produces two models: full-size and compact. Produc...

    Also please solve by either using excel or R LP solvers The Magnetron Company manufactures and markets microwave ovens. Currently, the company produces two models: full-size and compact. Production is limited by the amount of labor available in the general assembly and electronic assembly departments, as well as by the demand for each model. Each full-size oven requires 2 hours of general assembly and 2 hours of electronic assembly, whereas each compact oven requires 1 hour of general assembly and...

  • Q. An automobile parts manufacturer produces two types of automobile parts used for making four wheelers....

    Q. An automobile parts manufacturer produces two types of automobile parts used for making four wheelers. Type 1 requires ½ hour of labor and 1 hour of machine time. Type 2 requires 1 hour of labor time and 2 hours of machine time. There are 500 hours available per week of labor and 700 machine hours available. Type 1 has a profit margin of $ 35 a unit and Type 2 have a profit margin of $ 50 a unit....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT