A plant nursery sells two sizes of oak trees to landscapers. Large trees cost the nursery $130 from the grower. Small trees cost the nursery $70. The profit for each large tree sold is $35 and the profit for each small tree sold is $25. The monthly demand is at most 330 oak trees. Furthermore, the nursery does not want to allocate more than S35,100 each month on inventory for oak trees. (a) Determine the number of large oak trees and the number of small oak trees that the nursery should have in its inventory each month to maximize profit. (b) What is the maximum profit? (c) If the profit on large trees were $52, and the profit on small trees remained the same, then how many of each should the nursery have to maximize profit? Part: 0/8 Part 1 of 8 (a) Determine the number of large oak trees and the number of small oak trees that the nursery should have in its inventory each month to maximize profit. Define the relevant variables. Let x represent the number of large oak trees. Let y represent the number of small oak trees. Write an objective function. Since profit is to be maximized, write a profit function. Monthly Monthly profit to sell Monthly profit to sell profit x large oak trees y small oak trees Monthly profit: z =
A plant nursery sells two sizes of oak trees to landscapers. Large trees cost the nursery $130 from the grower. Small trees cost the nursery $70. The profit for each large tree sold is $35 and the profit for each small tree sold is $25. The monthly demand is at most 330 oak trees. Furthermore, the nursery does not want to allocate more than S35,100 each month on inventory for oak trees. (a) Determine the number of large oak trees and the number of small oak trees that the nursery should have in its inventory each month to maximize profit. (b) What is the maximum profit? (c) If the profit on large trees were $52, and the profit on small trees remained the same, then how many of each should the nursery have to maximize profit? Part: 0/8 Part 1 of 8 (a) Determine the number of large oak trees and the number of small oak trees that the nursery should have in its inventory each month to maximize profit. Define the relevant variables. Let x represent the number of large oak trees. Let y represent the number of small oak trees. Write an objective function. Since profit is to be maximized, write a profit function. Monthly Monthly profit to sell Monthly profit to sell profit x large oak trees y small oak trees Monthly profit: z =
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
Problem 3SC: In Example 3, if the accountant earns a profit of 100 on each individual return and a profit of 175...
Related questions
Question
7
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
Recommended textbooks for you
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University