24. The Quality Desk Company makes two types of computer desks from laminated particle board. The Presidential model requires 30 square feet of particle board, 1 keyboard sliding mechanism, and 5 hours of labor to fabricate, and sells for $149. The Senator model requires 24 square feet of particle board, 1 keyboard sliding mechanism, and 3 hours of labor to fabricate, and sells for $135. In the coming week the company can buy up to 15,000 square feet of particle board at a price of $1.35 per square foot and up to 600 keyboard sliding mechanisms at a cost of $4.75 each. The company view manufacturing labor as a fixed cost and has 3,000 labor hours available in the coming week for the fabrication of these desks. a. Formulate an LP model for this problem. b. Sketch the feasible region for this problem. c. What is the optimal solution?

24. The Quality Desk Company makes two types of computer desks from laminated particle board. The Presidential model requires 30 square feet of particle board, 1 keyboard sliding mechanism, and 5 hours of labor to fabricate, and sells for $149. The Senator model requires 24 square feet of particle board, 1 keyboard sliding mechanism, and 3 hours of labor to fabricate, and sells for $135. In the coming week the company can buy up to 15,000 square feet of particle board at a price of $1.35 per square foot and up to 600 keyboard sliding mechanisms at a cost of $4.75 each. The company view manufacturing labor as a fixed cost and has 3,000 labor hours available in the coming week for the fabrication of these desks. a. Formulate an LP model for this problem. b. Sketch the feasible region for this problem. 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 38CTQ: Do you think that the taxicab industry in large cities would be subject to significant economies of...

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