A company manufactures car and truck frames at plants in Milwaukee and Racine. The Milwaukee plant has
Question:
A company manufactures car and truck frames at plants in Milwaukee and Racine. The Milwaukee plant has a daily operating budget of $50,000 and can produce at most 300 frames daily in any combination. It costs $150 to manufacture a car frame and $200 to manufacture a truck frame at the Milwaukee plant. The Racine plant has a daily operating budget of $35,000, and can produce a maximum combined total of 200 frames daily. It costs $135 to manufacture a car frame and $180 to manufacture a truck frame at the Racine plant. Based on past demand, the company wants to limit production to a maximum of 250 car frames and 350 truck frames per day. If the company realizes a profit of $50 on each car frame and $70 on each truck frame, how many frames of each type should be produced at each plant to maximize the daily profit?
Step by Step Answer:
College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker