1.In linear programming, the objective function is typically based on:

Select one:

a.the variable cost of the products.

b.the contribution margin of the products.

c.the selling price of the products.

d.the full cost of the products.

2.

C Limited manufactures specialist medical equipment. Recruitment and training of manufacturing staff is difficult and C's operations management estimates that only 160 000 hours of labour at a rate of $50 per hour will be available in the next financial year. The following details relate to C's planned production of three products X, Y and Z for the next 12 months. X Y Selling price $65 $315 $200 Materials cost $10 $50 $40 Labour hours 1 5 3 Maximum demand 100000 20000 25000 To maximise profits the products C Limited should manufacture are: Select one: O a. X then Z, then Y O b. X then Z O c. Y then Z, then X O d. Y then Z