A Manufacturer Produces Both Widgets and Gadgets

question 67

Multiple Choice

A manufacturer produces both widgets and gadgets. Widgets generate a profit of $50 each and gadgets have a profit margin of $35 each. To produce each item, a setup cost is incurred. This setup cost of $500 for widgets and $400 for gadgets. Widgets consume 4 units of raw material A and 5 units of raw material B. Gadgets consume 6 units of raw material A and 2 units of raw material B. Each day, the manufacturer has 500 units of each raw material available.
Set up the problem in Excel and find the optimal solution. What is the maximum profit possible?

• A) $3,500
• B) $4,500
• C) $5,500
• D) $6,500
• E) $7,500

Recognize the approval requirements for compulsory share exchanges and mergers.

Comprehend the role of the secretary of state in involuntary dissolution due to non-payment of annual franchise taxes.

Differentiate between purchasing a company's stock vs. its assets and the legal implications.

Understand the effect of dissolution on a corporation's existence and obligations.

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Definitions:

Generalization Gradient

The spread or diffusion of a response to stimuli that are similar but not identical to the conditioned stimulus.

Stimulus Discrimination

The ability to differentiate between similar stimuli when only one of them is consistently associated with a particular response.

Discrimination Gradient

The degree to which an organism can differentiate between two stimuli, indicating the sensitivity of its perceptual systems.

Knee Jerk Response

A rapid automatic reaction to a stimulus, often used metaphorically to describe an immediate but unthinking reaction.