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Amlie, Thomas T. – American Journal of Business Education, 2009
A common problem addressed in Managerial and Cost Accounting classes is that of selecting an optimal production mix given scarce resources. That is, if a firm produces a number of different products, and is faced with scarce resources (e.g., limitations on labor, materials, or machine time), what combination of products yields the greatest profit…
Descriptors: Accounting, Computer Software, Courseware, Business Administration