Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A manufacturer produces two different models; X and Y , of the same product .The raw materials r 1 and r 2 are required for

A manufacturer produces two different models; X and Y, of the same product .The raw materials r1 and r2 are required for production. At least 18 Kg of r1and 12 Kg of r2 must be used daily. Almost at most 34 hours of labor are to be utilized .2Kg of r1 are needed for each model X and 1Kg of r1 for each model Y. For each model of X and Y, 1Kg of r2 is required. It needs 3 hours to manufacture model X and 2 hours to manufacture model Y. The profit realized is $50 per unit from model X and $30 per unit from model Y. How many units of each model should be produced to maximize the profit?

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

Classics In Game Theory

Authors: Harold William Kuhn

1st Edition

1400829151, 9781400829156

More Books

Students also viewed these Economics questions