ADM 2302 Lecture Notes - Carpentry, Nissan Sentra, Horse Length
6 Jun 2014
School
Department
Course
Professor
Document Summary
Problem #1: the judson cooperation problem (given on previous midterm exam) The judson corporation has acquired 100 lots on which it is about to build a home on each lot. Two styles of homes are to be built, the cape cod (x1) and the ranch home (x2). Judson wishes to build these homes over the next nine months. During this time, judson will have available 13,000 man-hours of bricklayer labour and 12,000 hours of carpenter labour. Each cape cod house requires 200 man-hours of carpentry labour and 50 man-hours of bricklayer labour. Each ranch home requires 120 hours of bricklayer labour and 100 man-hours of carpentry. The profit contribution of cape cod is projected to be. ,100 while that of a ranch home is projected at ,000. Justify: a gentleman who owns 10 vacant lots adjacent to judson"s 100 lots needs some money quickly and offers to sell his 10 lots for ,000.
