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5 on the textbook page 64 (The Pinewood Furniture Company produces...) (20 points) 5. The Pinewood Furniture Company produces chairs and tables from two resources-labor
5 on the textbook page 64 (The Pinewood Furniture Company produces...) (20 points) 5. The Pinewood Furniture Company produces chairs and tables from two resources-labor and wood. The company has 80 hours of labor and 36 board-ft. of wood available each day. Demand for chairs is limited to 6 per day. Each chair requires 8 hours of labor and 2 board-ft. of wood, whereas a table requires 10 hours of labor and 6 board-ft. of wood. The profit derived from each chair is $400 and from each table, $100. The company wants to determine the number of chairs and tables to produce each day in order to maximize profit. a. Formulate a linear programming model for this problem. b. Solve this model by using graphical analysis
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