A local manufacturing firm produces four different metal products, each of which must be machined, polished, and assembled. The specific time requirements for each product are as follows: Machining hours Polishing hours Assembling hours Unit profit $ Product 1 3 1 2 6 Product 2 2 1 1 4 Product 3 2 2 2 6 Product 4 4 3 1 8 Every week, the firm has available to it a total of 480 hours of machining time, 400 hours of polishing time, and 400 hours of assembling time. The firm has a contract with a distributor to provide 50 units of Product 1, and 100 units of any combination of Products 2 and 3 every week. Through other customers, the firm can sell any number of units of Products 1, 2, and 3. However, no more than 25 units of Product 4 can be sold in a week. How many units of each product should the firm produce each week, so that it can meet its contractual obligations, and maximize its total profit

Jurvin enterprises is a manufacturing company that had no beginning inventories. a subset of the transactions that it recorded during a recent month is shown below. $76,700 in raw materials were purchased for cash. $71,400 in raw materials were used in production. of this amount, $66,300 was for direct materials and the remainder was for indirect materials. total labor wages of $151,700 were incurred and paid. of this amount, $134,300 was for direct labor and the remainder was for indirect labor. additional manufacturing overhead costs of $126,300 were incurred and paid. manufacturing overhead of $126,800 was applied to production using the company's predetermined overhead rate. all of the jobs in process at the end of the month were completed. all of the completed jobs were shipped to customers. any underapplied or overapplied overhead for the period was closed to cost of goods sold.required: 1. post the above transactions to t-accounts.2. determine the cost of goods sold for the period.

Define the marginal rate of substitution between two goods (x and y). if a consumer’s preferences are given by u(x,y) = x3/4y1/4, compute the consumer’s marginal rate of substitution as a function of x and y. calculate the mrs if the consumer has chosen to consumer 48 units of x and 16 units of y. show your work. (use the back of the page if necessary.

(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?