Question

For two firms A and B belonging to same industry, the following details are available :
Firm A Firm B
Number of Employees : 100
Average monthly wage : Rs. 4,800
Standard deviation : Rs. 600
200
Rs. 5,100
Rs. 540

Answer 1

Explanation:

and B department has 27, 29, 35 and C department has 26

, 39.52, 29. The total available hours

of Department of A has 500, B has 366 and C has 288 for coming month. The management is

interested to utilize all available hours. Not only management will use all available hours, but

als

o management wants to increase seventy three percent available hours in total hours due to

shortage of time.

Required:

i. Formulate the system

of equations.

ii. Solve the combinations of the three products that would consume the weekly labor

availability.

iii. Prove the results and also

iv. Give analysis of the results