Question
Wild West Company manufactures two types of cowboy hats. Type 1 requires twice as long labor versus category 2. If all available employment time is
Wild West Company manufactures two types of cowboy hats. Type 1 requires twice as long labor versus category 2. If all available employment time is for category 2 only, public The company can produce a total of 400 Class 2 hats per day. Similar market limits for two types of 150 and 200 caps per day. Turnover is $ 8 per Class 1 hat and $ 5 per Category 2 hat. (a) Use the graph method to determine the number of caps each for the largest sales? (b) Determine the rate of increase in production capacity for tier 2 caps and price ranges Is the change value acceptable? (c) If the required daily limit of category 1 caps is reduced to 120 then the effect is to optimal sales? (d) What is the revenue growth rate for the Tier 2 exponential market share? Market share could increase how much while still delivering calculated value per unit?
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