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Monroe Inc. A. Monroe Inc. produces three types of GPS devices using technology licensed from Tomkins Co. Rare-earth elements (REE) used in the production process

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Monroe Inc. A. Monroe Inc. produces three types of GPS devices using technology licensed from Tomkins Co. Rare-earth elements (REE) used in the production process are the company's constraining resource. GPS AT Handheld GPS S for Automobiles GPS AV for for Hiking & Sports Industry Aviation Industry Per Device: Sales Price $99 $199 $999 Variable Cost $59 $89 $399 Contribution Margin $40 $110 $600 REE (micrograms per device) 10 20 125 B A. Given the resource constraint, which device should the company produce if it has spare (but not unlimited) resource capacity? (assume that there is ample market demand for all three products) B. If the company is able to import an additional 50,000 micrograms of REE, how should the company allocate its use to maximize its profits (assume there is sufficient demand for all three products)

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