Text: Applied Management Science
Complete Problem in the text. Develop business memorandum two to three pages to detail your answers and recommendations. To receive full credit for this assignment you must address the following: (a through d):
a. Determine the optimal weekly production schedule for MVC. What is the optimal weekly profit?
b. What is the minimum price that would justify producing the Plus Model? Explain.
c. If MVC could purchase additional 17 inch monitors for $15 more than what they are currently paying for them, should they do this? Explain.
d. Suppose an additional worker could be hired for $1000 per week over the existing weekly worker salary. (Recall that workers average 30 hours per week.) Analyze why MVC should do this.