An Electronics Firm Produces Two Models of Pocket Calculators: the A-100

question 7

Multiple Choice

An electronics firm produces two models of pocket calculators: the A-100 (A) and the B-200 (B) . Each model uses one circuit board, of which there are only 2,500 available for this week's production. In addition, the company has allocated a maximum of 800 hours of assembly time this week for producing these calculators. Each A-100 requires 15 minutes to produce while each B-200 requires 30 minutes to produce. The firm forecasts that it could sell a maximum of 4,000 of the A-100s this week and a maximum of 1,000 B-200s. Profits for the A-100 are $1.00 each and profits for the B-200 are $4.00 each.
-What is the weekly profit when producing the optimal amounts?

• A)$10,000.
• B)$4,600.
• C)$2,500.
• D)$5,200.
• E)$6,400.

Understand the concept and calculations involved in moving average and exponential smoothing models.

Differentiate between seasonal effects and cyclical effects.

Calculate moving averages for a given data set.

Identify advantages and disadvantages of the moving average forecasting model.

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Definitions:

Labor Rights

Legal rights and protections afforded to workers, including the right to fair wages, safe working conditions, and freedom from discrimination and harassment.

Sherman Antitrust Act

A landmark federal statute passed in the United States in 1890 that prohibits monopolistic business practices and promotes competition.

Monopolies

Market structures characterized by a single seller dominating the entire market for a particular good or service, often leading to reduced competition.

Economic Dominance

A situation where a company, product, or country has enough market power to influence market conditions or prices on a large scale.