a) Calculate the contribution earned from each cue.
b) Determine the optimal production plan for a typical period assuming that HC is
seeking to maximise the contribution earned. You should produce a graph and
solve using linear programming and simultaneous equations,
c) Explain why limiting factor analysis is not used by HC. Explain whether linear
programming would still be useful if HC added another product into the mix.
d) Explain the meaning of a shadow price (dual price)
e) Calculate the shadow price for one hour of labour.