Ace Novelty Wishes to Produce Two Types of Souvenirs: Type

question 106

Multiple Choice

Ace Novelty wishes to produce two types of souvenirs: type A and type B. Each type-A souvenir will result in a profit of $1.00, and each type-B souvenir will result in a profit of $1.20. To manufacture a type-A souvenir requires 2 minutes on machine I and 1 minute on machine II. A type-B souvenir requires 1 minute on machine I and 3 minutes on machine II. There are 3 hours available on machine I and 5 hours available on machine II for processing the order. Let x be the number of type-A souvenirs and y be the number of type-B souvenirs to be made. Then, the problem can be reduced to a linear programming problem with the objective function and constraints What will be the optimal profit of the company if the contribution to the profit of a type-B souvenir is $2.30 (with the contribution to the profit of a type-A souvenir held at $1.00) ?

• A) $241.20
• B) $248.10
• C) $261.90
• D) $234.30
• E) $255.00

---

Definitions:

IRAC Method

A method used in legal analysis that stands for Issue, Rule, Application, and Conclusion, guiding the organization and analysis of legal issues.

Briefing Cases

A method used in law schools and by lawyers to prepare for arguments that involves summarizing the facts, issues, rule of law, and reasoning of judicial decisions.

IRAC Method

The IRAC Method is an organizational framework used in legal analysis, standing for Issue, Rule, Application, and Conclusion, guiding the legal reasoning process.

Application

A formal request for something, such as a job, membership, or permission to do something.