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QUESTIONS TO CONSIDER IN PREPARATION FOR THE CLASS What's a constraint? What is the difference between internal and external constraints? If you were to make

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QUESTIONS TO CONSIDER IN PREPARATION FOR THE CLASS What's a constraint? What is the difference between internal and external constraints? If you were to make a \"general rule\" for how to deal with these, on both long and short term, what would your rule be? Without any constraints, what is it that we are trying to maximize here? Once we add a constraint, NOW what are we trying to maximize? What constraints do YOU have in your own life? What things to YOU do in order to maximize the use of them? w FULTON Company produces two models, Alpha and Gamma, using \"George", a new manufacturing process. Information regarding Alpha and Gamma is summarized in the following table: ALPHA GAMMA Price per unit $80 $60 Variable cost per unit $50 $30 Amount of George processing time required 6 hours 2 hours per unit George can only be used for 120 hours per week. FULTON Company has fixed costs of 5720 pg week. muired: 1. Compute the CM per unit of each product. Which is more profitable? 2. Compute the CM per HOUR of each product. If hours are what really matters, which is more profitable NOW? 3. Given the data above, assuming that there is no limit on the demand and that FULTON can produce as much of either product as they wish, they should produce how much of each product

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