Required-Using the graph method determine the optimal product mix to maximize profit. Assume that you sell whatever you produce of either product.

How might an awareness of how a quantity changes over time help  make a decision in daily life? What examples can you think of related to something measurable changing over time from experience?

What is a reason given by unions who do NOT support gainsharing plans?   A. Gainsharing plans might encourage greater contributions to nation's productivity   B. Gainsharing plans offer better job security   C. Gainsharing plans may lead to increased pay   D. Gainsharing plans may increase productivity in a way that could reduce the need for jobs

Specialty Toys, Inc., sells a variety of new and innovative children's toys. Management learned that the preholiday season is the best time to introduce a new toy, because many families use this time to look for new ideas for December holiday gifts. When Specialty discovers a new toy with good market potential, it chooses an October market entry date. In order to get toys in its stores by October, Specialty places one-time orders with its manufacturers in June or July of cach year. Demand for children's toys can be highly volatile. If a new toy catches on, a sense of shortage in the marketplace often increases the demand to high levels and large profits can be realized. However, new toys can also flop, leaving Specialty stuck with high levels of inventory that must be sold at reduced prices. The most important question the company faces is deciding how many units of a new toy should be purchased to meet anticipated sales demand. If too few are purchased, sales will be lost; if too many…