A manager must decide on the mix of products to produce for the coming week.Product A requires three minutes per unit for molding,two minutes per unit for painting,and one minute for packing.Product B requires two minutes per unit for molding,four minutes for painting,and three minutes per unit for packing.There will be 600 minutes available for molding,600 minutes for painting,and 420 minutes for packing.Both products have contributions of $1.50 per unit.Answer the following questions;base your work on the solution panel provided.
a.What combination of A and B will maximize contribution?
b.What is the maximum possible contribution?
c.Are any resources not fully used up? Explain.
Definitions:
Contingency Theories
These are management theories suggesting that the best leadership or management style depends on the circumstances, implying there's no one best way to lead or manage.
Cross-Cultural Differences
The variations in norms, values, beliefs, and practices among people from different cultures or societal backgrounds.
Survey Field Studies
Research methods involving the collection of data from a large number of respondents through questionnaires or interviews to analyze behaviors or attitudes.
Laboratory Experiments
Controlled testing environments in which variables can be manipulated to observe their effects on certain outcomes, often used in scientific and psychological research.
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