6. Linear programming: the algorithm & a word problem A factory produces two types of gadgets, A and B. The costs are $8 and $14 for each one unit of A and B produced. One unit of gadgets A yields a profit of $2 while a unit of gadgets B yields a profit of $3. The factory owner estimates that no more than 2000 gadgets will be sold and he does not plan to invest more than $20,000 in production. How many units of each type of gadgets should be produced in order to maximize his profit?
6. Linear programming: the algorithm & a word problem A factory produces two types of gadgets, A and B. The costs are $8 and $14 for each one unit of A and B produced. One unit of gadgets A yields a profit of $2 while a unit of gadgets B yields a profit of $3. The factory owner estimates that no more than 2000 gadgets will be sold and he does not plan to invest more than $20,000 in production. How many units of each type of gadgets should be produced in order to maximize his profit?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
![Page 8 of 13
6. Linear programming: the algorithm & a word problem
A factory produces two types of gadgets, A and B. The costs are $8 and $14 for each one unit
of A and B produced. One unit of gadgets A yields a profit of $2 while a unit of gadgets B yields
a profit of $3. The factory owner estimates that no more than 2000 gadgets will be sold and he
does not plan to invest more than $20,000 in production. How many units of each type of
gadgets should be produced in order to maximize his profit?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6bda5e5e-35bc-43b2-b961-5bd2f6764178%2F5d198051-0462-4eba-af98-4e7ec7a97b21%2F4h57vhk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Page 8 of 13
6. Linear programming: the algorithm & a word problem
A factory produces two types of gadgets, A and B. The costs are $8 and $14 for each one unit
of A and B produced. One unit of gadgets A yields a profit of $2 while a unit of gadgets B yields
a profit of $3. The factory owner estimates that no more than 2000 gadgets will be sold and he
does not plan to invest more than $20,000 in production. How many units of each type of
gadgets should be produced in order to maximize his profit?
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![Elementary Statistics: Picturing the World (7th E…](https://www.bartleby.com/isbn_cover_images/9780134683416/9780134683416_smallCoverImage.gif)
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
![The Basic Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319042578/9781319042578_smallCoverImage.gif)
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
![Introduction to the Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319013387/9781319013387_smallCoverImage.gif)
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman