Question
Corporation has three product lines with limited demand. The firm has NO fixed costs. Below are some facts about the firm. Oh! No! Way! Monthly
Corporation has three product lines with limited demand. The firm has NO fixed costs. Below are some facts about the firm.
| Oh! | No! | Way! | |
| Monthly demand (units) | 100 | 120 | 140 |
| Machine hours per unit | 3 | 6 | 8 |
| Price per unit | $70 | $75 | $80 |
| Variable costs per unit | $60 | $62 | $60 |
The firm can only supply 1,780 hours of machine time per month between the three product lines. What is the firm's maximum monthly profit?
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Precalculus
Authors: Jay Abramson
1st Edition
1938168348, 978-1938168345
