A company wishes to produce two types of souvenirs: Type A and Type B. Each Type A souvenir will result in a profit of $1.20, and each Type 8 souvenir will result in a profit of $1.40. To manufacture a Type A souvenir requires 2 minutes c Machine I and 1 minute on Machine II. A Type B souvenir requires 1 minute on Machine I and 3 minutes on Machine II. There are 2 hours available on Machine I and 5 hours available on Machine II. (a) For a meaningful solution, the time available on Machine II must lie between 48 min. (Enter your answers from smallest to largest.) (b) If the time available on Machine II is changed from 300 min to (300 + k) min, with no change in the maxim capacity for Machine I, then Ace Novelty's profit is maximized by producing (240-k) Type A souvenit and (420+ +2k) Type B souvenirs, where-160 sks 540 and 252 Enter an exact number. (c) Find the shadow price for Resource 2 (associated with constraint 2). (Round your answer to the nearest cen $ 0.32

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
Question
A company wishes to produce two types of souvenirs: Type A and Type B. Each Type A souvenir will result in a profit of
$1.20, and each Type 8 souvenir will result in a profit of $1.40. To manufacture a Type A souvenir requires 2 minutes c
Machine I and 1 minute on Machine II. A Type B souvenir requires 1 minute on Machine I and 3 minutes on Machine II.
There are 2 hours available on Machine I and 5 hours available on Machine II.
(a) For a meaningful solution, the time available on Machine II must lie between 48
min. (Enter your answers from smallest to largest.)
(b) If the time available on Machine II is changed from 300 min to (300 + k) min, with no change in the maxim
capacity for Machine I, then Ace Novelty's profit is maximized by producing (240-k) Type A souvenit
and
(420 +
+2k) Type B souvenirs, where-160
sks 540
and 252
Enter an exact number.
(c) Find the shadow price for Resource 2 (associated with constraint 2). (Round your answer to the nearest cen
$ 0.32
Transcribed Image Text:A company wishes to produce two types of souvenirs: Type A and Type B. Each Type A souvenir will result in a profit of $1.20, and each Type 8 souvenir will result in a profit of $1.40. To manufacture a Type A souvenir requires 2 minutes c Machine I and 1 minute on Machine II. A Type B souvenir requires 1 minute on Machine I and 3 minutes on Machine II. There are 2 hours available on Machine I and 5 hours available on Machine II. (a) For a meaningful solution, the time available on Machine II must lie between 48 min. (Enter your answers from smallest to largest.) (b) If the time available on Machine II is changed from 300 min to (300 + k) min, with no change in the maxim capacity for Machine I, then Ace Novelty's profit is maximized by producing (240-k) Type A souvenit and (420 + +2k) Type B souvenirs, where-160 sks 540 and 252 Enter an exact number. (c) Find the shadow price for Resource 2 (associated with constraint 2). (Round your answer to the nearest cen $ 0.32
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps with 4 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,