Find optimal solution using the graphical solution technique

Assignment Help Finance Basics

Reference no: EM133251644

Question - Precision Machinists makes two grades of gears for industrial machinery: standard and heavy duty. The process requires two steps. Step-1 takes 8 minutes for the standard gear and 10 minutes for the heavy duty. Step-2 takes 3 minutes for the standard gear and 10 minutes for the heavy duty. The company's labor contract requires that it uses at most 200 labor-hours per week on the Step-1 equipment and at most 140 labor-hours per week on the Step-2 equipment. The profit contributions are $15 for each standard gear and $22 for each heavy duty.

How many of each gear should be made each week to maximize profits?

Find the optimal solution using the graphical solution technique. Be sure to include the graph with your response.

Reference no: EM133251644

Questions Cloud

What will be your mark on society : EDUC 2130 Middle Georgia State University how is a inclusive society truely created? How do we reach a society that is truly fair? Or is that utopia too

What is the standard deviation of Stock B : The return correlation between the two stocks is 0.7. The covariance between the two stock returns is 0.00147. What is the standard deviation of Stock B

How can have knowledge of principle of causality : How might Descartes explain how he can have "knowledge" of the principle of causality (as an intuition of his mind grounded in clear.

What was the ideology of republicanism : HIST 1301 San Antonio College What were some of the contradictions in the Declaration of Independence and How were the colonists able to win independence

Find optimal solution using the graphical solution technique : Step-1 takes 8 minutes for the standard gear and 10 minutes for the heavy duty. Find the optimal solution using the graphical solution technique

Describe two different ways that the movement has shaped : HISTORY 40C University of California, Irvine describe two different ways that the movement has shaped the country. Finally, please identify what goals

What are the political leanings of your representatives : HISTORY 101 The Parish Episcopal School What are the political leanings of your representatives? Please research the political affiliations of your local

Discuss effect of creatine as skeletal muscle energy source : Describe the effect of creatine as a skeletal muscle energy source and what the benefit of this supplement will be to Andile.

Give five instances of income that is not reported to IRS : Give five instances of income that is not reported to the IRS. For taxation purposes, how are long- and short-term capital gains handled differently

User Account

All Pages