Question
Calculation: A company manufactures two products. Each unit of product X requires 10 machine hours and each unit of product Y requires 4 machine hours.
Calculation:
A company manufactures two products. Each unit of product X requires 10 machine hours and each unit of product Y requires 4 machine hours. The company's productive capacity is limited to 180,000 machine hours. Each unit of product X sells for $15 and has materials costs of $7. Each unit of product Y sells for $8 and has materials costs of $3. Each machine hour costs $0.50.
Only considering costs, if the company wants to maximize profit,how many of unit Y should be made? Use only numbers to answer (no commas or $ signs). You may use decimals.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started