Homework Help is Here – Start Your Trial Now!
Math
Advanced Math
8. Formulate the following problem as a linear programming problem and solve it using the graphical method of corners. A company produces two types of șimilar products, product A and product B. Product A requires 2 hours to produce and product B requires 4 hours to produce. The company has only 800 hours to use in production each day and can only produce up to 300 of both products per day .If the company sells product A for $22.50 and product B for $45.00, how many of each type should be produced each day to maximize sales revenue ?

8. Formulate the following problem as a linear programming problem and solve it using the graphical method of corners. A company produces two types of șimilar products, product A and product B. Product A requires 2 hours to produce and product B requires 4 hours to produce. The company has only 800 hours to use in production each day and can only produce up to 300 of both products per day .If the company sells product A for $22.50 and product B for $45.00, how many of each type should be produced each day to maximize sales revenue ?

Algebra for College Students
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.4: Systems Of Linear Inequalities Linear Programming
Problem 39PS
See similar textbooks
icon
Related questions
Topic Video
Question
8. Formulate the following problem as a linear programming problem and solve it using the graphical method of corners. A company produces two types of șimilar products, product A and product B. Product A requires 2 hours to produce and product B requires 4 hours to produce. The company has only 800 hours to use in production each day and can only produce up to 300 of both products per day .If the company sells product A for $22.50 and product B for S45.00 , how many of each type should be produced each day to maximize sales revenue ?
Transcribed Image Text:8. Formulate the following problem as a linear programming problem and solve it using the graphical method of corners. A company produces two types of șimilar products, product A and product B. Product A requires 2 hours to produce and product B requires 4 hours to produce. The company has only 800 hours to use in production each day and can only produce up to 300 of both products per day .If the company sells product A for $22.50 and product B for S45.00 , how many of each type should be produced each day to maximize sales revenue ?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Optimization
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS