The Otto Maddick Machine Tool Company produces two products, muffler bearings and torque amplifiers. One muffler bearing requires 0.125 hr. of assembly labor, 0.25 hrs. in the stamping department and 9 square feet of sheet metal. Each torque amplifier requires 1/3 hr. in assembly and 0.25 hrs. in stamping and uses 6 square feet of sheet metal. Current capacities are 400 hours of assembly labor and 375 hours of stamping capacity. Sheet steel costs $0.15 per square foot. Muffler bearings sell for $9 and torque amplifiers sell for $11.00. Use linear optimization to find the number of each product to make to maximize profit. (Do not constrain the solution to integers.) The available amount of sheet steel may be considered unlimited. The cost of Labor is not charged to the products. A new product called the furtengrinder uses 0.5 hours of assembly time and 10 square feet of sheet metal and sells for $32.10.

Required:
Use shadow prices from Solver’s sensitivity report to determine the maximum number of stamping hours it could use before it would become unprofitable produce furtengrinders.

Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations

Why would an investor invest in your stocks

Assume that (i) setups need to be completed first; (ii) a setup can only start once the batch has arrived at the resource, and (iii) all flow units of a batch need to be processed at a resource before any of the units of the batch can be moved to the next resource. process step 1 molding 2 painting 3 dressing setup time 15 min. 30 min. no setup processing time 0.25 min./unit 0.15 min./unit 0.30 min./unit which batch size would minimize inventory without decreasing the process capacity?