Question
In: Advanced Math
Q/A manufacturer of outdoor clothing makes wax jackets and trousers. Each jacket requires 1 hour to...
Q/A
manufacturer of outdoor clothing makes wax jackets and trousers.
Each jacket requires 1 hour to make, whereas each pair of trousers
takes 40 minutes. The materials for a jacket cost $32 and those for
a pair of trousers cost $40. The company can devote only 34 hours
per week to the production of jackets and trousers, and the firm’s
total weekly cost for materials must not exceed $1200. The company
sells the jackets at a profit of $12 each and the trousers at a
profit of $14 per pair. Market research indicates that the firm can
sell
all of
the jackets that are produced, but that it can sell at most half as
many pairs of trousers as jackets
.a-Due to the changes in demand, the company has to change its
profit margin on a pair of trousers. Assuming that the profit
margin on a jacket remains at $12 and the manufacturing constraints
are unchanged, find the minimum and maximum profit margins on a
pair of trousers which the company can allow before it should
change its strategy for optimum output.
Solutions
Colby Messinger answered 3 years agoRelated Solutions
Q- A manufacturer of outdoor clothing makes wax jackets and trousers. Each jacket requires 1 hour...
Q- A manufacturer of outdoor clothing makes wax
jackets and trousers. Each jacket requires 1 hour to make, whereas
each pair of trousers takes 40 minutes. The materials for a jacket
cost $32 and those for a pair of trousers cost $40. The company can
devote only 34 hours per week to the production of jackets and
trousers, and the firm’s total weekly cost for materials must not
exceed $1200. The company sells the jackets at a profit of $12...
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