2-Valencia Products makes automobile radar detectors and assembles two models. LaserStop and Speed Buster. The firm can sell all its produces. Both models use the same electronic components. Two of these can be obtained only from a single supplier. For the next month, the supply of these is limited to 4,000 of component A and 3,500 of component B. The number of each component required for each product and the profit per unit are given in the table. Components required /unit A B Profit/unit LaserStop 18 $124 SpeedBuster 12 8. $136 a. Identify the decision variables, objective function, and constraints. b. Mathematically formulate a linear optimization model. c. Solve the problem using Excel Solver. 6.
2-Valencia Products makes automobile radar detectors and assembles two models. LaserStop and Speed Buster. The firm can sell all its produces. Both models use the same electronic components. Two of these can be obtained only from a single supplier. For the next month, the supply of these is limited to 4,000 of component A and 3,500 of component B. The number of each component required for each product and the profit per unit are given in the table. Components required /unit A B Profit/unit LaserStop 18 $124 SpeedBuster 12 8. $136 a. Identify the decision variables, objective function, and constraints. b. Mathematically formulate a linear optimization model. c. Solve the problem using Excel Solver. 6.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter9: Monopoly
Section: Chapter Questions
Problem 12RQ: How is intellectual property different from other property?
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