Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Subj: gen economics Using the SIMPLEX METHOD pls. Also, explain and show how you arrived with the answer. 1. JOBCO produces two products on two

Subj: gen economics

Using the SIMPLEX METHOD pls. Also, explain and show how you arrived with the answer.

image text in transcribed
1. JOBCO produces two products on two machines. A unit of product A requires 2 hours on machine 1 and 1 hour on machine 2. For product B. a unit requires 1 hour on machine 1 and 3 hours on machine 2. The revenues per unit of products A and B are P30 and P25 respectively. The total daily processing time available for each machine is 8 hours. Letting x and x, represent the daily number of units of products A and B, respectively, the LP model is given as Maximize revenue R = 30x, + 20%2 Subject to: 2x1 + X2 58 (machine 1) x, + 3x2 $8 (machine 2) X1. X2 20

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_2

Step: 3

blur-text-image_3

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

Microeconomics

Authors: Paul Krugman, Robin Wells

4th Edition

1464143870, 9781464143878

More Books

Students also viewed these Economics questions

Question

Will you be able to pay your bills?

Answered: 1 week ago

Question

of number is 125, What is 20 of the number?

Answered: 1 week ago