A Machine Makes a Floor Lamp Model and a Desk

question 28

Essay

A machine makes a floor lamp model and a desk lamp model.The setup time for either lamp is 10 minutes.A floor lamp can be produced in 3 minutes and a desk lamp can be produced in 2 minutes.125 floor lamps are needed per day and 100 desk lamps are needed per day.What is the most economical production batch size for each lamp?

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Definitions:

Units of Y

Quantitative measures of a variable Y, often used in economics to denote quantity or amount.

Units of X

The quantity of a particular good or service being referred to or utilized in an economic context.

Original Bundle

In economics, this refers to a specific combination of goods that a consumer initially chooses given their budget and prices.

Price Rise

An increase in the cost of goods or services, typically signifying inflation or market changes.