Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the method of linear programming to solve the problem. Acraftswoman produces two products: floor lamps and table lamps. Production of one floor lamp

Use the method of linear programming to solve the problem. Acraftswoman produces two products: floor lamps

Use the method of linear programming to solve the problem. Acraftswoman produces two products: floor lamps and table lamps. Production of one floor lamp requires 75 minutes of her labor and materials that cost $25. Production of one table lamp requires 50 minutes of labor, and the materials cost $20. The craftswoman wishes to work no more than 40 hours each week (2400 minutes each week), and her financial resources allow her to pay no more than $900 for materials each week. If she can sell as many lamps as she can make and if her profit is $39 per floor lamp and $33 per table lamp, how many floor lamps and how many table lamps should she make each week to maximize her weekly profit? What is the maximum profit? Step 4: Graph the region of possible solutions (by finding the x and y intercepts for each inequality, or any two points for vertical and horizontal inequalities.). Use the method of linear programming to solve the problem. A craftswoman produces two products: floor lamps and table lamps. Production of one floor lamp requires 75 minutes of her labor and materials that cost $25. Production of one table lamp requires 50 minutes of labor, and the materials cost $20. The craftswoman wishes to work no more than 40 hours each week (2400 minutes each week), and her financial resources allow her to pay no more than $900 for materials each week. If she can sell as many lamps as she can make and if her profit is $39 per floor lamp and $33 per table lamp, how many floor lamps and how many table lamps should she make each week to maximize her weekly profit? What is the maximum profit? Step 4: Graph the region of possible solutions (by finding the x and y intercepts for each inequality, or any two points for vertical and horizontal inequalities.).

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

Econometric Analysis

Authors: William H. Greene

5th Edition

130661899, 978-0130661890

More Books

Students also viewed these Economics questions