A jewelry store makes necklaces and bracelets from gold and platinum. The store has 18 ounces of
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A jewelry store makes necklaces and bracelets from gold and platinum. The store has 18 ounces of gold and 20 ounces of platinum. Each necklace requires 3 ounces of gold and 2 ounces of platinum, whereas each bracelet requires 2 ounces of gold and 4 ounces of platinum. The demand for bracelets is no more than four. A necklace earns $300 in profit and a bracelet, $400. The store wants to determine the number of necklaces and bracelets to make to maximize profit.
a. Formulate a linear programming model for this problem.
b. Solve this model by using graphical analysis.
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