13. Bibbins Manufacturing produces softball and baseballs for youth recreation leagues. Each softball costs $11 to produce and sells for $17 while each baseball costs $10.50 and sells for $15. The material and labor required to produce each item is listed here along with the availability of each resource. Amount Required Per Amount Resource Softball Baseball Available Leather 5 oz 4 oz 6,000 oz Nylon 6 yds 3 yds 5,400 yds Core 4 oz 2 oz 4,000 oz Labor 2.5 min 2 min 3,500 min Stitching 1 min 1 min 1,500 min a. Formulate an LP model for this problem. b. Sketch the feasible region. c. What is the optimal solution?

13. Bibbins Manufacturing produces softball and baseballs for youth recreation leagues. Each softball costs $11 to produce and sells for $17 while each baseball costs $10.50 and sells for $15. The material and labor required to produce each item is listed here along with the availability of each resource. Amount Required Per Amount Resource Softball Baseball Available Leather 5 oz 4 oz 6,000 oz Nylon 6 yds 3 yds 5,400 yds Core 4 oz 2 oz 4,000 oz Labor 2.5 min 2 min 3,500 min Stitching 1 min 1 min 1,500 min a. Formulate an LP model for this problem. b. Sketch the feasible region. c. What is the optimal solution?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 42P: A small company that shovels sidewalks and driveways has 100 homes signed up for its services this...

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