Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3.The Queens Furniture Company produces beds and desks. Each bed requires 12 hours of carpentry and 8 hours of varnishing. Each desk requires 8 hours

3.The Queens Furniture Company produces beds and desks. Each bed requires 12 hours of carpentry and 8 hours of varnishing. Each desk requires 8 hours of carpentry and 16 hours of varnishing. There are 72 hours of carpentry time and 80 hours of varnishing time available. Beds earn $60 of profit per unit and desks earn $80 of profit per unit. What is the objective function?

Refer to the data in question 3. All of the following are corner points of the feasible region except:

a.

(0,0)

c.

(4,3)

b.

(5,0)

d.

(6,0)

6. Refer to the data in question 3. What is the maximum profit that results from the optimal solution?

a.

$360

c.

$480

b.

$400

d.

$752

7. If the shadow price of a unit of constraint is $10, what will happen to the objective function if 20 additional units can be acquired (assuming this is within an allowable range)?

a.

Increase by $10

c.

Increase by $125

b.

Increase by $200

d.

Nothing will happen

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Make It Complete A Guide Of Knowledge Advice And Tips For Internal Audit And Compliance

Authors: Mónica Ramírez Chimal

1st Edition

6202304456, 978-6202304450

More Books

Students also viewed these Accounting questions

Question

List and briefly explain the fields in an ATM cell.

Answered: 1 week ago