Lrrr Corporation manufactures two models of industrial welders, the MIG and the TIG. The firm employs 4 technicians, working 160 hours each per month, on its assembly line. Management insists that full employment (that is, all 160 hours of time) be maintained for each worker during next month’s operations. It requires 20 labor-hours to assemble each MIG-1 and 25 labor-hours to assemble each TIG model. The Lrrr Corp wants to see at least 10 MIG’s and at least 15 TIG’s produced during the production period. MIG’s generate a $1,200 profit per unit, and TIG’s yield $1,800 each.
a. How many MIG’s should be produced? (Select]
b. How many TIG’s should be produced? (Select]
c. What is the overall profit level? (Select]
d. If the overall hours were decreased by 20, what impact would it have on profits?