Cully Furniture Buys Two Products for Resale: Big Shelves (B)

question 122

Multiple Choice

Cully Furniture buys two products for resale: big shelves (B) and medium shelves (M) . Each big shelf costs $500 and requires 100 cubic feet of storage space, and each medium shelf costs $300 and requires 90 cubic feet of storage space. The company has $75,000 to invest in shelves this week, and the warehouse has 18,000 cubic feet available for storage. Profit for each big shelf is $300 and for each medium shelf is $150. What is the maximum profit?

• A) $35,000
• B) $45,000
• C) $55,000
• D) $65,000

---

Definitions:

Late Majority

A segment of consumers in the diffusion of innovation model, who adopt new products or technologies after the average consumer.

Innovator

An individual or organization that introduces new ideas, products, or methods, often leading changes in market trends or technological advancements.

Early Adopter

An individual or group who uses or purchases new products, services, or technologies soon after their launch, often leading trends and influencing later adopters.

Product Life Cycle

The sequence of stages from introduction to growth, maturity, and decline that a product goes through in the market.