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Recall the production model: Max 1 0 x st 5 x S 4 0 x 0 Suppose the firm in this example considers a second
Recall the production model: Max x st x S x Suppose the firm in this example considers a second product that has a unit profit of $ and requires hours of labor time for each unit produced. Use y as the number of units of second product produced. a Show the mathematical model when both products are considered simultaneously Max x st x y b Identify the controllable and uncontrollable inputs for this model. Select all that apply. controllable Oy labor hours O labor availability unit profit ii uncontrollable DY labor hours labor availability unit profit c Draw the flowchart of the inputoutput process for this model. Submit a file with a maximum size of MB Choose File No file chosen This answer has not been graded yet. d What are the optimal solution values of x and yLet P be total profit. P $ e is the model developed in part a a deterministic or a stochastic model? Explain. The uncontrollable inputs are fixed and known so the model is deterministic
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