An Automated Turning Machine Is the Current Constraint at Jordison

question 161

Multiple Choice

An automated turning machine is the current constraint at Jordison Corporation.Three products use this constrained resource.Data concerning those products appear below: Rank the products in order of their current profitability from most profitable to least profitable.In other words, rank the products in the order in which they should be emphasized.

• A)LN, JQ, RQ
• B)RQ, LN, JQ
• C)RQ, JQ, LN
• D)JQ, RQ, LN

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Definitions:

Elastic

Describes a situation in which the demand or supply for a good or service significantly changes in response to price changes.

Cross-Price Elasticity

A measure of how much the demand for a product changes when the price of another product changes.

Quantity Demanded

The specific amount of a good or service that consumers are willing and able to buy at a particular price.

Percentage Change

A mathematical calculation that shows how much a quantity has increased or decreased as a proportion of its previous value, usually expressed as a percentage.