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Help with this would be appreciated! Thanks in advance Betty DeRose, Inc. produces and sells two products, L and V. Revenue andcost information For the
Help with this would be appreciated! Thanks in advance
Betty DeRose, Inc. produces and sells two products, L and V. Revenue andcost information For the two products from last month appear below: Product L Product Vselling price per unit ........... $15.00 $12.00variable costs per unit .......... $ 8.00 $ 7.00 For the coming month, Betty would like to use linear programming in orderto maximize monthly profits. Each month Betty has 80,000 direct labor hours available and 60,000 machinehours available. Product L requires 5 direct labor hours For each unit and2 machine hours for each unit. Product V requires 4 direct labor hours Foreach unit and 8 machine hours For each unit. Calculate the number of units of Product L that should be produced in orderto maximize net income.Step by Step Solution
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