Stamping and Assembly. Forming and Stamping departments can produce both models on same line whereas Assembly lines are different for each model. Firm’s problem is to determine how much to produce monthly Model S and Model LX in order to maximize the profit. The decision depends on the optimal quantity that must be produced for each model. The key issue is the marketing department of the company and the controller of the firm have conflicts about Model S. The marketing department think that they should
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concerning the combination of normal cookies and iced cookies that would give the most profitable result. A dozen of plain cookies cost $4.50 to make and sell for $6.00 and a dozen of iced cookies cost $5.00 to make‚ and sell for 7.00. So‚ they make a profit of $1.50 per dozen of plain cookies and $2.00 per dozen of iced cookies. The Woo family knows that they can sell all the cookies they make. The point of this problem was to find the most profitable combination of iced and normal cookies. In these
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a business conducts itself while attempting to make its profit can be considered ethical or not. For instance‚ a business that has a positive sense of social responsibility will make some effort to have a positive impact on society‚ contributing to the welfare of the community in which it operates in some way or another. Unethical practice in business could include the converse of this‚ where a business is solely concerned about its profit and does not attempt to mitigate the impact of its operations
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Background Agricultural industry is one of the most important industries of Uzbekistan. Agriculture sector employs 28% of Uzbekistan ’s labor force and generates 24% of its GDP (Uzreport‚ 2006). Therefore further development of agricultural industry in Uzbekistan is crucial for Uzbek nation. According to UNDP within the next 20 years‚ the world will gain another 1.4 billion people. Representing a 25-percent increase in global population‚ most of these people will live in the expanding urban centers
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expected and to reduce costs when the hotel is not booked to a certain extend. Even though that we sometimes practice overbooking‚ we also try to ensure that the hotel is not excessively overbooked resulting in negative brand perception and loss in profit. The hotel focuses on business guests because they are willing to pay higher rates and are stay shorter than leisure guests. This means that there is a faster room turnover than with leisure guests. The desired business mix that has been chosen
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$28 15 $24.07 $361 $0 $28 16 $22.50 $360 -$1 $28 17 $20.94 $356 -$4 $28 18 $19.39 $349 -$7 $28 TABLE 1 Quantity Sold Uniform Price Total Revenue Marginal Revenue Variable Cost Total Variable Cost Total Profit Contribution Incremental Profit Contribution 0 $50 $0 $0 $28 $0 $0 $0 1 $48 $48 $48 $28 $28 $20 $20 2 $46 $92 $44 $28 $56 $36 $16 3 $45 $135 $43 $28 $84 $51 $15 4 $44 $176 $41 $28 $112 $64 $13 5 $42 $210 $34 $28 $140 $70 $6 6 $40 $240
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Calculus” PROBLEM SET 1 [100 points] PART I As manager of a particular product line‚ you have data available for the past 11 sales periods. This data associates your product line’s units sold “x” and total PROFIT “P” results for these sales periods. Product Red03 Units [x] Profit [P] 10 20 100 130 190 240 300 320 380 430 500 -33986 -31792 -9200 790 21418 37728 54000 58208 65840 65050 50000 1 Section A: 1st Order Model 1. [4] Use Microsoft Excel’s Chart
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choose to maximize profits? Through the Attachment: (Evening time) Contribution Margin = average purchase revenue-average purchase cost = $30.52-$23.25 = $7.27 per customer per purchase Average numbers of customer: (Attachment 2) close time averge customers Time Total customer 10pm 10.18 10pm~11pm 12 11pm 10.16 10pm~12pm 21 12pm 10.08 10pm~1am 27 1am 9.71 10pm~2am 32 2am 9.4 10pm~3am 36 3am 9.06 10pm~4am 39 4am 8.71 1. Average profit for the additional
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EXECUTIVE SUMMARY The purpose of this analysis is to maximize profit of Giant Motor Company which has 3 lines of products and offers 3 brands of cars namely Lyra‚ Libra and Hydra which corresponds to subcompact car class‚ sporty car class‚ and luxury car class respectively. Currently the company has 3 manufacturing plants and each of them is dedicated to a specific product line. For future planning‚ the company has an option of retooling its manufacturing capacity which would bring a major expense
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maximise short run profits. The more contemporary managerial theories of the firm examine the possibility that the firm is controlled not by its owners‚ but by its managers‚ and therefore does not aim to maximise profits. Although profit plays an important role in these theories as well‚ it is no longer seen as the sole or dominating goal of the firm. The other possible aims might be sales revenue maximisation or growth. CLASSICAL THEORIES OF THE FIRM Profit maximisation Profit maximisation is the
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