1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mice21 [21]
3 years ago
12

Kane Manufacturing has a division that produces two models of fireplace grates, x units of model A and y units of model B. To pr

oduce each model A requires 3 lb of cast iron and 8 min of labor. To produce each model B grate requires 5 lb of cast iron and 5 min of labor. The profit for each model A grate is $2.00, and the profit for each model B grate is $1.50. 1200 lb of cast iron and 1500 min of labor are available for the production of grates per day. Because of a backlog of orders on model A grates, the manager of Kane Manufacturing has decided to produce at least 150 of these grates a day. Operating under this additional constraint, how many grates of each model should Kane produce to maximize profit P in dollars
Business
1 answer:
Mademuasel [1]3 years ago
6 0

Answer:

The company will produce the requested 150 units of A for a gain of 300 dollars

and then use his resourses to produce B yielding a gain of 90 dollars

total of 390 profit

Explanation:

The company will produce at least 150 units of product A therefore:

lbs used: 150 x 3 = 450

minutes of labor used 150 x 8 = 1,200

leaving available:

1,200 - 450 = 750 lbs

1,500 - 1,200 = 300 mins

As time is the most scarce resource we allocate base on thecontribution per minute:

product A $2 of profit for 8 minutes: 0.25 dollars per minute

product B $1.5 of profit for 5 minutes: 0.30 dollars per minute

As product B is more profitable considering labor time we use the entire amount left to produce product B

300 min / 5 minutes = 60 units of b

You might be interested in
Securities not listed on one of the exchanges trade in the over-the-counter market. In this exchange, dealers "make a market" by
GREYUIT [131]

Answer:

(C) doing both of the above

Explanation:

When dealers "make a market", they do so by providing liquidity in a market that may lack such. Liquidity measures the ease with which participants can buy and sell in a market. Thus, by making a market, a dealer buys stocks for inventory when investors want to sell, and sells stocks from inventory when investors want to buy.

6 0
3 years ago
Governments use _____ to boost exports and restrict imports. formal instruments of trade policy administrative trade policies su
Mila [183]
<span>Governments use administrative trade policies to boost exports and restrict imports.

When the do this, they are helping producers but hurting the consumer. The administrative trade policies are taking away goods that consumers want by not allowing them to purchase or import the item.</span>
4 0
3 years ago
Suppose Bev's Bags makes two kinds of handbags—large and small. Bev rents an industrial space where she keeps the fabric, the in
Oksanka [162]

Answer:

c. All are correct.

Explanation:

Variable costs depend on the number of units produced, if production drops to zero, all associated variable costs also drop to zero; options b and d are correct.

Fixed cost remain the same with changes in the production volume. Therefore, even if Bev's Bags produced no bags, fixed cost of thread would stay the same; option a is correct.

Therefore, all are correct.

8 0
3 years ago
A relatively new type of very fast direct connection available to homes and businesses in areas where there is fiber-optic cabli
kotykmax [81]

A relatively new type of very fast direct connection available to homes and businesses in areas where there is fiber-optic cabling available all the way to the building is generically called fibr optic broadband.

Fibr optic broadband, from the name of its material uses fiber-optic cables guarantees faster and more stable and reliable connection compared to the DSL connection. Fibr connection can also cover far distances up to 100 kilometers compare to DSL connection which uses copper wire cable that has the limit of only 100 meters.

<span>Fibr optic broadband also assures more bandwidth and no lags when it comes to large data applications.</span>

4 0
3 years ago
Matthew Granger is a member of the board of directors at Produxicore Inc. Over a period of one year, Matthew failed to attend mo
FrozenT [24]

Answer: Negligence of duties

Explanation:

As a board member it's one of his primary duty to keep abreast of the firm performance. Not been aware for a year on the excuse of not been informed and not seeking to find out personally shows a negligence of duties.

7 0
3 years ago
Other questions:
  • 4.
    10·1 answer
  • States use different types of trade strategies to try to improve economic outcomes, some are more "classic liberal," believing t
    7·1 answer
  • Dodge, Incorporated acquires 15% of Gates Corporation on January 1, 2011, for $105,000 when the book value of Gates was $600,000
    7·1 answer
  • The following data relate to direct labor costs for the current period: Standard costs 7,000 hours at $11.40 Actual costs 6,400
    9·1 answer
  • A company is trying to decide how many workers to hire. They want to maximize profits. What is the maximum number of workers the
    14·2 answers
  • The free enterprise system is a type of economy that:
    11·1 answer
  • Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Roun
    13·1 answer
  • Economic questions always deal with:
    7·1 answer
  • Dr. Byron offers two possible solutions to sleep problems. If you had a child that would not sleep, which solution do you think
    14·1 answer
  • What are three major inventions in the textile industry and what did each one specifically do to increase productivity?.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!