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A company that operates 10 hrs a day manufactures three products on three processes The following table summarizes the data of the problem: Minutes per
A company that operates 10 hrs a day manufactures three products on three processes The following table summarizes the data of the problem: Minutes per unit Process 1 Process 2 Process 3 Product Unit price 1 2 3 10 5 6 6 8 9 8 10 12 $4.50 $5.00 $4.00 (a) Determine the optimal product mix. (b) Use the dual prices to prioritize the three processes for possible expansion. (c) If additional production hours can be allocated, what would be a fair cost per additional hour for each process
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