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1. Schwinn has the following information for its three products: Bicycles Tricycles Scooters Selling Price $120 $80 $50 Unit Variable Cost $70 $50 $30 Hours

1. Schwinn has the following information for its three products:

Bicycles

Tricycles

Scooters

Selling Price

$120

$80

$50

Unit Variable Cost

$70

$50

$30

Hours to Produce

2

1.5

0.5

Monthly Demand

1,000

800

1,200

Schwinn has only 3,500 hours available each month in its factory. How much of each product should be produced to maximize profits?

a) 1,000 Bicycles; 800 Tricycles; 1,200 Scooters

b) 1,000 Bicycles; 600 Tricycles; 1,200 Scooters

c) 1,000 Bicycles; 800 Tricycles; 600 Scooters

d) 850 Bicycles; 800 Tricycles; 1,200 Scooters

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