Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Reddy produces two types of cups (Type 1 and Type 2). A Type 1 cup needs twice as much labour time as a Type 2

image text in transcribed
Reddy produces two types of cups (Type 1 and Type 2). A Type 1 cup needs twice as much labour time as a Type 2 cup. If all the available labour time is dedicated to Type 2 cup alone, the company can make a total of 440 Type 2 cups a day. The respective market limits for the two types are 150 and 200 cups per day. The revenue is $3 per Type 1 cup and $2 per Type 2 cup. Let x, y be the number of Type 1 cups and Type 2 cups made per day, respectively. The company plans to maximise its revenue. What is the optimal value of x (the number of Type 1 cups)? What is the optimal value of y (the number of Type 2 cups)? What is the optimal value of revenue? If the daily demand limit on the Type 1 cup is decreased to 120, does the optimal solution change? Please type "Yes" or "No". How much can the market limit increase for Type 2 cup when the optimal solution remains

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Trigonometry

Authors: David M Kennedy, James Stewart, Lothar Redlin, Saleem Watson

2nd Edition

1285226089, 9781285226088

More Books

Students also viewed these Mathematics questions

Question

An improvement in the exchange of information in negotiations.

Answered: 1 week ago

Question

1. Effort is important.

Answered: 1 week ago