nathenq1839
07.03.2020 •
Business
You are in charge of purchases at the student-run used-book supply program at your college, and you must decide how many introductory calculus, history, and marketing texts should be purchased from students for resale. Due to budget limitations, you cannot purchase more than 750 of these textbooks each semester. There are also shelf-space limitations: Calculus texts occupy 2 units of shelf space each, history books 1 unit each, and marketing texts 5 units each, and you can spare at most 1,200 units of shelf space for the texts. If the used book program makes a profit of $10 on each calculus text, $4 on each history text, and $8 on each marketing text, how many of each type of text should you purchase to maximize profit
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Ответ:
a.44% and $8 per unit
Explanation:
The contribution margin ratio is the ratio of contribution margin to sales.
Contribution margin is the difference between sales and variable cost.
Furthermore, contribution margin per unit is the difference between sales per unit and variable cost per unit.
contribution per unit = $18 - $10
= $8
contribution margin ratio = $8/$18
=0.44
= 44%