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Taofik

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Active 7 years ago
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  • June 7, 2017 at 7:01 pm #391545
    mysteryTaofik
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    My problem was with the MCQ first linear programming question (shadow price). I put the optimal x (1000 units) and y (1800 units) in the labour constraint equation and got the answer but putting it in the material constraint equation, I got 24,000 whereas it was supposed to give me 27000. Then I thought there was a problem with the question.

    June 7, 2017 at 5:31 pm #391448
    mysteryTaofik
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    I chose 75 since the question asked for Relevant cost of both labour and variable overhead costs. That is Labour + Var. overhead+ opportunity cost for labour.

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