A furniture company has two plants that produce the lumber used in manufacturing tables and chairs. In
Question:
A furniture company has two plants that produce the lumber used in manufacturing tables and chairs. In 1 day of operation, plant A can produce the lumber required to manufacture 20 tables and 60 chairs, and plant B can produce the lumber required to manufacture 25 tables and 50 chairs. The company needs enough lumber to manufacture at least 200 tables and 500 chairs.
(A) If it costs $1,000 to operate plant A for 1 day and $900 to operate plant B for 1 day, how many days should each plant be operated to produce a sufficient amount of lumber at a minimum cost? What is the minimum cost?
(B) Discuss the effect on the operating schedule and the minimum cost if the daily cost of operating plant A is reduced to $600 and all other data in part (A) remain the same.
(C) Discuss the effect on the operating schedule and the minimum cost if the daily cost of operating plant B is reduced to $800 and all other data in part (A) remain the same.
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