Please refer to the attachment to answer this question. This question was created from Operations Review Questionshttps://www.coursehero.com/file/12438581/Operations-Review-Questions/The following text was automatically generated from the attachment: Question #1 BUS473 Assignment #2 A law firm specializes in the issuance of insurance policies covering large commercial real estate projects. The projects fall into two categories, shopping centres and medical complexes. The typical work involved in each transaction is predictable and repetitive. The time requirements (unit load) for preparing a standard contract of each type are given in the table below. Also listed are the number of professionals and the number of available hours per professional per day. Unit Load (hrs) Unit Load (hrs) Number of Hours available/ Shopping contract Medical contract professionals Professional/ day Paralegal 4 6 4 6 Tax lawyer 1 3 3 8 Senior partner 1 1 2 4 Revenues for shopping and medical projects are $4,000 and $5,000 per project respectively. The only costs are the xed costs of operating the office of $500,000 per month. For the month of November the firm has generates 150 contracts, 75 of each. Assume that there are 20 work days in a month. a. What is the effective capacity of the process per day (# of contracts)? Can the company process all 150 contracts in November? c. If the firm wishes to process all 150 contracts during November, how many professionals do they need? d. Which type of project is more profitable? What is the contribution margin generated ($ per day) at the current product mix? What is the profit at capacity at the current product mix? g. What is the value of hiring an extra paralegal at the current product mix? (Question from the text, "Managing Business Process Flows" by Anupindi et al)