Question
Dave operates his business out of a small store, so he doesn't have a lot of shelf space for his products. Recently some additional shelf
Dave operates his business out of a small store, so he doesn't have a lot of shelf space for his products. Recently some additional shelf space became available. Dave is trying to decide which of his products to put in that space.
Product 1 has a contribution margin per unit of $500 and a contribution margin per square foot of space of $2,000.
Product 2 has a contribution margin per unit of $600 and a contribution margin per square foot of space of $1,200.
Required
Based on this information alone, which product would be best for the extra shelf space?
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Introduction to Probability
Authors: Mark Daniel Ward, Ellen Gundlach
1st edition
716771098, 978-1319060893, 1319060897, 978-0716771098
