Define the firm produce to maximize profit

Assignment Help Finance Basics

Reference no: EM131481820

Question: A firm uses three inputs X, Y and Z to manufacture two goods A and B. The requirements per tonne are as follows.

A: 5 loads of X, 4 containers of Y and 6 hours of Z

B: 5 loads of X, 6 containers of Y and 2 hours of Z

Each tonne of A brings in £400 profit and each tonne of B brings in £300. What combination of A and B should the firm produce to maximize profit if it has at its disposal 150 loads of X, 240 containers of Y and 150 hours of Z?

Reference no: EM131481820

Questions Cloud

How many of each version should be produced each day : A firm sells two versions of a device for cutting and drilling. Version A is sold direct to the public in DIY stores, yielding a profit per unit of £50.

What do you see as legal ramifications of your alternatives : What do you see as the legal ramifications of your alternatives on effectiveness of the project? Will the alternatives positively or negatively affect effort?

What markets the business will serve : Identifying important component of a business plan quality of written Report (grammar, vocabulary) -

What would those patients want to see regarding the facility : Why can't we just use the same images that are already being used for all the different locations?

Define the firm produce to maximize profit : A firm uses three inputs X, Y and Z to manufacture two goods A and B. The requirements per tonne are as follows. A: 5 loads of X, 4 containers of Y and 6 hour.

Explain what are essential elements of a mission statement : Explain What are essential elements of Mission Statement? What is purpose of Key Operating Principle? Describe process that you plan to use to conduct research.

What combination of a and b should it produce to maximize : A firm manufactures two compounds A and B using two raw materials R and Q, in addition to labour and a mixing additive. Input requirements per tonne are.

Design visual media communication to produce materials : Examine and design visual media communication to produce effective business materials.

Define the process of cutting and finishing : A firm manufactures two products A and B which sell for respectively £900 and £2,000 each. It uses the four processes cutting, drilling, finishing and assembly.

User Account

All Pages