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PLEASE HELP I WILL THUMBS UP Company produces three products with the following information: The company has a limit of 14,300 machine-hours available per month

PLEASE HELP I WILL THUMBS UP

Company produces three products with the following information:

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The company has a limit of 14,300 machine-hours available per month and a monthly fixed cost of $37,000.

The demand for each of the products is 2,500 units per month.

The company's goal is to maximize its profitability.

Suppose the company can rent a machine that will provide an additional 1,390 machine-hours per month.

QUESTION: What is the maximum monthly rent the company should be willing to pay for this machine (assuming they've made optimal use of their own machine)?

Selling price per unit Variable cost per unit Machine-hours per unit (MH/unit) Good $17 $8 2 Product Better $19 $10 3 Best $26 $12 4

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