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Question 3 : Radioco manufactures two types of radios. The only scarce resource that is needed to produce radios is labor. The company now has
Question : Radioco manufactures two types of radios. The only scarce resource that is needed to produce radios is labor. The company now has two laborers. Laborer is willing to work up to hours per week and is paid $ per hour. Labourer is willing to work up to hours per week and is paid $ per hour. The price and resourses required to build each type of radio are given in the table below. Also, the optimal tableau is given below.
tableRadio Radio Price $Resource Requrred,Price $Resc ce RequiredLaborer : hour,Labore: hourLaborer : hours,,Laborer : hoursRaw Mat. Cost: $Raw Mat. Cost: $
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