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What is the maximum profit? What is the value of X? * What is the objective function? (write the equation) NOTE: don't put space in your answer and use small letters only. *

What is the maximum profit? What is the value of X? * What is the objective function? (write the equation) NOTE: don't put space in your answer and use small letters only. *

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Table 1.-Information for the wooden tables and chairs linear programming problem. Resource Table (X,) Chair (X) Available Wood (bf) Labor (hr) 30 20 300 5 10 110 Unit profit $6 $8
Transcribed Image Text:Table 1.-Information for the wooden tables and chairs linear programming problem. Resource Table (X,) Chair (X) Available Wood (bf) Labor (hr) 30 20 300 5 10 110 Unit profit $6 $8
What is the maximum profit? What is the value of X? * What is the objective function? (write the equation) NOTE: don't put space in your answer and use small letters only. *
Transcribed Image Text:What is the maximum profit? What is the value of X? * What is the objective function? (write the equation) NOTE: don't put space in your answer and use small letters only. *
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