The E-JEM Company produces two types of laptop computer bags. The regular version requires $32 in capital, 4 hours of lab for $44. The deluxe version requires $38 in capital, 6 hours of labor, and sells for $55. How many of each type of bag should produce in order to maximize their revenue if they have $2100 and 300 labor hours available? The company should make regular laptop bags and deluxe bags to maximize revenue.
The E-JEM Company produces two types of laptop computer bags. The regular version requires $32 in capital, 4 hours of lab for $44. The deluxe version requires $38 in capital, 6 hours of labor, and sells for $55. How many of each type of bag should produce in order to maximize their revenue if they have $2100 and 300 labor hours available? The company should make regular laptop bags and deluxe bags to maximize revenue.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter7: Nonlinear Optimization Models
Section: Chapter Questions
Problem 50P
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Transcribed Image Text:The E-JEM Company produces two types of laptop computer bags. The regular version requires $32 in capital, 4 hours of labo
for $44. The deluxe version requires $38 in capital, 6 hours of labor, and sells for $55. How many of each type of bag should
produce in order to maximize their revenue if they have $2100 and 300 labor hours available?
The company should make regular laptop bags and
Com
deluxe bags to maximize revenue.
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