[8] Given the constraints in this problem the maximum profit is: A publishing house issues three weekly magazines: **Daily Life**, **Agriculture Today**, and **Surf's Up**. The table below shows the production requirements for each magazine issue, in terms of production time and paper usage:| Magazine | Production (hr.) | Paper (lb.) ||--------------------|------------------|-------------|| **Daily Life** | 0.01 | 0.2 || **Agriculture Today** | 0.03 | 0.5 || **Surf's Up** | 0.02 | 0.3 |Each week, the publisher has access to 120 hours of production time and 3,000 pounds of paper. To maintain advertising, the total circulation of all magazines must exceed 5,000 issues per week. The selling prices per issue are as follows: $2.25 for **Daily Life**, $4.00 for **Agriculture Today**, and $1.50 for **Surf's Up**. The maximum weekly demand for each magazine is 3,000 issues for **Daily Life**, 2,000 issues for **Agriculture Today**, and 6,000 issues for **Surf's Up**. The production manager seeks to determine the optimal number of issues for each magazine to maximize total sales revenue. [8] Given the constraints in this problem, the maximum profit is:- ○ 17,500- ○ 17,000- ○ 16,000- ○ 18,000

Let Daily life be a, Agriculture Today be b and Surf's Up be c The sales revenue must be maximized.…

Answered: [8] Given the constraints in this…

Business

Operations Management

[8] Given the constraints in this problem the maximum profit is: O 17,500 O 17,000 O 16,000 O 18,000

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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