Use the Table Below to Answer the Following Questions) Use a Linear Optimization Model Based on the Data to Luthiers

question 30

Multiple Choice

Use the table below to answer the following questions) .
Pickson Luthiers Corporation makes four models of electric guitars, ScarCT, Dela Mort, Warax, and Invazen. Each guitar must flow through five departments, assembly, painting, sound testing, inspection, and packaging. The table below shows the relevant data. Production rates are shown in units/hour. ScarCT is assembled elsewhere) . Pickson wants to determine how many guitars to make to maximize monthly profit. $\begin{array} { |l|l|l|l|l|l| } \hline \begin{array} { l } \text {Pickson Luthiers }\\ \text {Corporation }\\\end{array}\\\hline\\\hline \text {Data}\\\hline \text { Guitar Model } & \begin{array}{l}\text { Selling } \\\text { price/Unit }\end{array} & \begin{array}{l}\text { Variable } \\\text { cost/Unit }\end{array} & \text { Min Sales } & \text { Max Sales } \\\hline \text { ScarCT } & 750.00 & 660.00 & 0 & 2500 \\\hline \text { Dela Mort } & 788.00 & 680.00 & 0 & 2000 \\\hline \text { Warax } & 800.00 & 700.00 & 100 & 1000 \\\hline \text { Invazen } & 850.00 & 800.00 & 80 & 500 \\\hline\\\hline \begin{array}{l}\text { Production rates } \\\text { units/hour) }\end{array} & \text { ScarCT } & \text { Dela Mort } & \text { Warax } & \text { Invazen } & \begin{array}{l}\text { Hours } \\\text { Available }\end{array} \\\hline \text { Assembly } & - & 35 & 25 & 20 & 220 \\\hline \text { Painting } & 35 & 20 & 15 & 10 & 220 \\\hline \text { Sound Testing } & 20 & 10 & 20 & 18 & 220 \\\hline \text { Inspection } & 10 & 12 & 8 & 5 & 220 \\\hline \text { Packaging } & 9 & 10 & 5 & 8 & 220\\\hline\end{array}$
Use a linear optimization model based on the data to answer the following question.
-According to the linear optimization model, what would be the total time spent on inspecting the Dela Mort models?

Evaluate the economic efficiency and resource allocation in monopolistically competitive markets.

Understand the impacts of pricing strategies on firm profitability in different market structures.

Understand the definition and characteristics of oligopoly.

Differentiate between homogeneous and differentiated oligopoly.

---

Definitions:

Auditory Hallucinations

A form of hallucination involving hearing sounds, often voices, that aren't actually present.

Psychiatric Forensic

The intersection of psychiatry and the law, involving the assessment of individuals' mental health in legal contexts.

Health Education

Health Education is the profession of educating people about health, aiming to improve health knowledge, skills, and attitudes through programs and interventions.

Correctional Nurse

A specialized nurse who provides care and medical treatment to individuals in prisons or detention centers.