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Use this information,along with its associated Sensitivity Report,to answer the following questions.
A production manager wants to determine how many units of each product to produce weekly to maximize weekly profits.Production requirements for the products are shown in the following table.
Material 1 costs $7 a pound,material 2 costs $5 a pound,and labor costs $15 per hour.Product A sells for $101 a unit,product B sells for $67 a unit,and product C sells for $97.50 a unit.Each week there are 300 pounds of material 1;400 pounds of material 2;and 200 hours of labor.The output of product A should not be more than one-half of the total number of units produced.Moreover,there is a standing order of 10 units of product C each week.
-Suppose that the production manager has an additional 100 pounds of material 1.What impact will this have on the current optimal objective function value?
Competitive
Characterized by rivalry. It can refer to companies or individuals striving to attain an advantage or superiority in a market or activity.
Marketing Implementation
The implementation of marketing plans and tactics to fulfill marketing goals.
Church Sermon
A church sermon is an oration, lecture, or talk by a member of a religious institution or clergy where spiritual or moral lessons are delivered.
Market Segmentation
The process of dividing a target market into smaller, more defined categories of consumers who share similar characteristics and needs.
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