Suzy Co. produces and sells three products (X, Y, and Z). The following data relate to the three products: X Y Z Demand in units 160 150 140 Selling price per unit $130 $160 $150 Raw materials costs per unit $65 $80 $90 Labor time in minutes per unit 10 20 15 Which is the most profitable product if there is a constraint on labor time, so that total demand for all products cannot be met?

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30-11-2022
Business

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Suzy Co. produces and sells three products (X, Y, and Z). The following data relate to the three products: X Y Z Demand in units 160 150 140 Selling price per unit $130 $160 $150 Raw materials costs per unit $65 $80 $90 Labor time in minutes per unit 10 20 15 Which is the most profitable product if there is a constraint on labor time, so that total demand for all products cannot be met?

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tutorconsortium204 tutorconsortium204 · Answer 1 · 2022-12-01T22:13:33+01:00

Product X is the most profitable product if there is a constraint on labour time, so that total demand for all products cannot be met.

What would you consider demand to be?

Demand is the term used to describe a consumer's desire and willingness to purchase a good or service at a specific time or over an extended period of time. Additionally, consumers must be able to afford the things they want or need based on their budgeted disposable income.

What results in a drop in demand?

If the cost of one of a product's complements increases, demand for the primary product declines. When income rises, so does demand for typical goods. If income rises, there is less of a demand for a subpar product. Demand today is influenced by projected earnings and costs in the future.

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