The Schwab Company designs and sells two types of rings: the VIP and the SST. The company
Question:
The Schwab Company designs and sells two types of rings: the VIP and the SST. The company can produce up to 24 rings each day using up to 60 total hours of labor. It takes 3 hr to make one VIP ring and 2 hr to make one SST ring. How many of each type of ring should be made daily in order to maximize the company’s profit, if the profit on one VIP ring is $30 and the profit on one SST ring is $40? What is the maximum profit?
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Step by Step Answer:
Let x the number of VIP rings y the number of SST rings The constraints are xy24 3x 2y 60 x 0 y 20 M...View the full answer
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Related Book For 
College Algebra
ISBN: 978-0134697024
12th edition
Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels
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