Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Part 8 Constraint Equations and Graphs (25 points) EmilyAnne Company makes two products: HIGH and LOW. It makes a profit of $50 per unit on
Part 8 Constraint Equations and Graphs (25 points) EmilyAnne Company makes two products: HIGH and LOW. It makes a profit of $50 per unit on each HIGH product sold, and $10 per unit on each LOW product sold. The demand for its products is that it can sell all the HIGH and LOW products that the company can make. Note: Sales of a fraction of a product are possible. To make each product requires two activities: (1) Assembling, and (2) Painting. The Assembling Department has 300 hours available while the paint shop has 150 hours available. It takes FIVE hours of Assembling and THREE hours of Painting to make one HIGH product. It takes THREE hours of Assembling and ONE hour of Painting to make one LOW product. Required (1) State the information in mathematical form (use H for HIGH product; and L for LOW product. 1. Show the IsoProfit equation. II. Show each constraint equation for Assembling and Painting. (2) Consider the graphs shown below based on production constraints). I. Solve the Constraint equations to determine the numeric amounts for Points A, B, D, and E. Enter answers is spaces. At a minimum, explain (show computations) for Points A and B. Do Point C for extra credit. II. Use appropriate letters from the graph (A, B, C, D, E) to indicate THE FEASABLE BOUNDARY. EXTRA CREDIT Explain (show some calculations] which Point (A, B, C, D, E] results in the Maximum Feasible Profit. (1) IsoProfit equation (1) Constraint Equations ASSEMBLING Constraint PAINTING Constraint
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started