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Question A firm that assembles refrigerators and stoves is about to start production of new models of each. Each model will require assembly time, inspection
Question
A firm that assembles refrigerators and stoves is about to start production of new
models of each. Each model will require assembly time, inspection time, and
storage space. The amounts of each of these resources that can be devoted to the
production of the items is limited The manager of the firm would like to determine
the quantity of each item to produce in order to maximize the profit generated by
sales. He has the following data at his disposal:
Refridgerators Stoves
Profit per unit $ $
Assembly time per unit hours hours
Inspection time per unit hours hour
Storage space per unit cubic feet cubic feet
Other information
Resource Amount of time available
Assembly time hours
Inspection time hours
Storage space cubic feet
Questions
Identify the feasible solution space.
At which point will profit be maximized?
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