Question
Fine Furniture Factory receives a daily shipment of 50 boards of pine and 60 boards of mahogany, which they use to make cabinets and tables.
Fine Furniture Factory receives a daily shipment of 50 boards of pine and 60 boards of mahogany, which they use to make cabinets and tables. Each cabinet uses two pine boards and two mahogany boards, and yields a profit of $90. Each table uses two pine boards and three mahogany boards, and yield a profit of $120. (a) How many cabinets and tables should the factory make daily to maximize profit? (b) What improvements can be made to further increase profit? (c) Is the current profit reasonable? (d) You should submit the graph and only the table(s) referenced to support your answer. To be done in Excel QM
Fine Furniture Factory receives a daily shipment of 50 boards of pine and 60 boards of mahogany, which they use to make cabinets and tables. Each cabinet uses two pine boards and two mahogany boards, and yields a profit of $90. Each table uses two pine boards and three mahogany boards, and yield a profit of $120. (a) How many cabinets and tables should the factory make daily to maximize profit? (b) What improvements can be made to further increase profit? (C) Is the current profit reasonable? (d) You should submit the graph and only the table(s) referenced to support your answer. To be done in Excel QMStep by Step Solution
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