5. A manufacturer of a complex electronic equipment has just received a sizable contract and plans to subcontract part of the job. He has solicited bids for six subcontracts from four firms. Each job is sufficiently large so that any one firm can take on only one job. The below table shows the bids and the cost estimates (in 7 10,000's) for doing the jobs internally. Note that no more than two jobs can be performed internally.

5. A manufacturer of a complex electronic equipment has just received a sizable contract and plans to subcontract part of the job. He has solicited bids for six subcontracts from four firms. Each job is sufficiently large so that any one firm can take on only one job. The below table shows the bids and the cost estimates (in 7 10,000's) for doing the jobs internally. Note that no more than two jobs can be performed internally.

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

Problem 6DRQ

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