Financial Data Daily demand: 1,000 cases Fixed cost: $5,000 per week Variable cost • Weekdays: $7 per case • Sundays: $12 per case Generic aspirin production • Unit price: $10 per case Brand-name aspirin production • Weekly demand: 1,000 cases per week Unit price: $30 per case Find: (1) How to schedule the product mix, and (2) is it worth operating on Sundays?
Financial Data Daily demand: 1,000 cases Fixed cost: $5,000 per week Variable cost • Weekdays: $7 per case • Sundays: $12 per case Generic aspirin production • Unit price: $10 per case Brand-name aspirin production • Weekly demand: 1,000 cases per week Unit price: $30 per case Find: (1) How to schedule the product mix, and (2) is it worth operating on Sundays?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Financial Data
Daily demand : 1,000 cases
Fixed cost: $5,000 per week
Variable cost
• Weekdays: $7 per case
• Sundays: $12 per case
Generic aspirin production
• Unit price : $10 per case
Brand-name aspirin production
• Weekly demand: 1,000 cases per week Unit price: $30 per case
Find: (1) How to schedule the product mix, and (2) is it worth operating on Sundays?
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