Find out the optimum mix using graphical method

Reference no: EM131066201

A firm makes 2 products X &Y and has a total production capacity of 9 tons per day, X & Y require the same production capacity. The firm has a permanent contract to supply atleast 2 tons of X and atleast 3 tons of Y per day to another company. Each ton of X requires 20 machine hours and each ton of Y requires 15 machine hours. The daily maximum possible number of machines hours is 360. All the firm's output can be sold and the profit made is Rs 80 per ton of X and Rs 120 per ton of Y. Find out the optimum mix using graphical method.

Reference no: EM131066201

Questions Cloud

What would be the difference in cost of living : What would be the difference in cost of living between the two locations 24,000 of taxable purchases based only on the differences in sales tax, income tax, and property tax?

Shareholders through business excellence and innovation : As per the full year and the fourth quarter of 2014 report issued 19 February 2015: Annual revenue now tops AED 10 billion.

Review and reflection : Review and reflect on what you learned in the past 8 weeks. What is the most practical and easily applied lesson you learned?

Calculate the income elasticity for coke : Using the first table and the second table (the "Avg. columns) calculate the income elasticity for Coke assuming income doubles and the price is $1.00 per can (again, use the mid-point formula).

Find out the optimum mix using graphical method : All the firm's output can be sold and the profit made is Rs 80 per ton of X and Rs 120 per ton of Y. Find out the optimum mix using graphical method.

Automobiles-toyota vs bmw in japan : What was the strategy used by the foreign firm in the host market? You also have to asses the relative clout of both firms (which firm has made strong competitive moves or better defended against). Finally suggest recommendations for how the domes..

Analyse the importance of financial planning in business : Analyse the importance of financial planning in business and explain the financial and legal aspects of financial planning activities in business

Duties of directors under australia corporation law : LAW202 - Corporations Law. You are required to write a research essay addressing all of following points: Who are directors of company? What are their duties of directors under Australia Corporation Law? Give a short history of the evolution of direc..

Be careful what you sign : Sudson Washer and Dryer Service is in the business of leasing used washers and dryers to apartment landlords for a contracted lease term. The coin-operated machines are used by apartment tenants. Letisha, 25, a human resource clerk, owns a five-un..

User Account

All Pages