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, and each Type B souvenir will result in a profit of $1.20. To manufacture aType souvenir requires 2 minutes on 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 3 hours available on Machine Iand 5 hours available on Machine II.(a) The optimal solution holds if the contribution to the profit of a Type B souvenir lies between $THERand $(Enter your answers from smallest to largest.)(b) Find the contribution to the profit of a Type A souvenir (with the contribution to the profit of a Type B souvenir held at $1.20), given that the optimal profit of the company will be $208.80.$(c) What will be the optimal profit of the company if the contribution to the profit of a Type B souvenir is $3.00 (with the contribution to the profit of a Type A souvenir held at $1.00)?$

Let x represents the Type A souvenirs to be produced. Let y represents the Type B souvenirs to be…

Answered: A company wishes to produce two types…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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A company wishes to produce two types of souvenirs: Type A and Type B. Each Type A souvenir will result in a profit of $0.80, and each Type B souvenir will result in a profit of $1.00. To manufacture a Type A souvenir requires 2 minutes on Machine I and 1 minute on Machine II. A Type B souvenir requires 1 minute on Machine I and 3 minutes on Machine II. There are 2 hours available on Machine I and 5 hours available on Machine II. (a) For a meaningful solution, the time available on Machine II must lie between and min. (Enter your answers from smallest to largest.)(b) If the time available on Machine II is changed from 300 min to (300 + k) min, with no change in the maximum capacity for Machine I, then Ace Novelty's profit is maximized by producing Type A souvenirs and Type B souvenirs, where ≤ k ≤ .(c) Find the shadow price for Resource 2 (associated with constraint 2). (Round your answer to the nearest cent.)$
A company makes pancake mix and cake mix. Each pound of pancake mix uses 0.6 lb of flour and 0.1 lb of shortening. Each pound of cake mix uses 0.4 lb of flour, 0.1 lb of shortening, and 0.4 lb of sugar. Suppliers can deliver at most 6,000 lb of flour, at least 500 lb of shortening, and at most 1,200 lb of sugar. If the profit per pound is $0.45 for pancake mix and $0.35 for cake mix, how many pounds of each mix should be made to earn maximum profit? pancake mix 2000 Xlb lb cake mix 3000 What is the maximum profit (in $)? $3450 X
A merchant has 9000 square feet of floor space for storing units of products I and II. To gain the advantage of a good price he must purchase his stock now. A unit of product I costs $6 and requires 2 square feet of space, while a unit of product II costs $3 and requires 3 square feet of space. The merchant must stock at least 500 units of product 1. He expects to make a profit of $1 from each unit of product I he stocks and $4 from each unit of product II. He is instructed to stock no more than 5000 total units of the products. The amount of product 1 that he stocks should be no more than half the amount of product 2 that he stocks. He has $18,000 available for purchasing stock, and wants to know how many units of each product to buy to maximize profit. Create the LP model for this problem.
erth Mining Company operates two mines for the purpose of extracting gold and silver. The Saddle Mine costs $15,000/day to operate, and it yields 65 oz of gold and 2900 oz of silver each day. The Horseshoe Mine costs $15,500/day to operate, and it yields 70 oz of gold and 1300 oz of silver each day. Company management has set a target of at least 540 oz of gold and 16,800 oz of silver. How many days should each mine be operated so that the target can be met at a minimum cost? Saddle- Days Horseshoe- Days Minimum Cost-
A carpenter builds bookshelves and tables for a living. Each bookshelf takes one box of screws, two 2 ✕ 4's, and three sheets of plywood to make. Each table takes two boxes of screws, two 2 ✕ 4's, and four sheets of plywood. The carpenter has 55 boxes of screws, 70 2 ✕ 4's, and 115 sheets of plywood on hand. In order to maximize their profit using these materials on hand, the carpenter has determined that they must build 10 shelves and 20 tables. How many of each of the materials (boxes of screws, 2 ✕ 4's, and sheets of plywood) are leftover, when the carpenter builds 10 shelves and 20 tables? The carpenter has _ boxes of screws, _ 2 ✕ 4's, and _ sheets of plywood leftover.
A toy factory creates miniature steel train engines and box cars. The fabrication department has 3,679 minutes available per week and the assembly and finishing department has 3,099 minutes available per week. Manufacturing one miniature steel train engine requires 8 minutes of fabrication and 5 minutes of assembling and finishing. Manufacturing one miniature steel box car requires 4 minutes of fabrication and 5 minutes of assembling and finishing. The profit on each miniature steel train engine is $8.00 and the profit on each miniature steel box car is $7.25. How many steel train engines and steel box cars should be produced each week to obtain the maximum profit? Find the maximum weekly profit. (Use x for box car and y for train engine.) Maximize P subject to %3D < 3, 679 < 3, 099 Enter the solution to the simplex matrix below. If there is no solution enter 'DNE' in the boxes below. If more than one solution exists, enter only one of the multiple solutions below. If needed round toys…
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, and each Type B souvenir will result in a profit of $1.20. To manufacture a Type A souvenir requires 2 minutes on 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 3 hours available on Machine I and 5 hours available on Machine II. (a) The optimal solution holds if the contribution to the profit of a Type B souvenir lies between $ 48 X and $ 96 X. (Enter your answers from smallest to largest.) (b) Find the contribution to the profit of a Type A souvenir (with the contribution to the profit of a Type B souvenir held at $1.20), given that the optimal profit of the company will be $196.80. $2 (c) What will be the optimal profit of the company if the contribution to the profit of a Type B souvenir is $1.50 (with the contribution to the profit of a Type A souvenir held at $1.00)? $168
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, and each Type B souvenir will result in a profit of $1.20. To manufacture a Type A souvenir requires 2 minutes on 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 3 hours available on Machine I and 5 hours available on Machine II. (a) The optimal solution holds if the contribution to the profit of a Type B souvenir lies between $ and $ . (Enter your answers from smallest to largest.)(b) Find the contribution to the profit of a Type A souvenir (with the contribution to the profit of a Type B souvenir held at $1.20), given that the optimal profit of the company will be $208.80.$ (c) What will be the optimal profit of the company if the contribution to the profit of a Type B souvenir is $2.00 (with the contribution to the profit of a Type A souvenir held at $1.00)?$
Kane Manufacturing has a division that produces two models of grates, model A and model B. To produce each model A grate requires 3 pounds of cast iron and 6 minutes of labor. To produce each model B grate requires 4 pounds of cast iron and 3 minutes of labor. The profit for each model A grate is $1.75, and the profit for each model B grate is $1.25. Available for grate production each day are 1000 pounds of cast iron and 20 labor-hours. Because of an excess inventory of model A grates, management has decided to limit the production of model A grates to no more than 180 grates per day. Maximize P = 1.75x + 1.25y subject to 3x + 4y ≤ 1000 Resource 1 6x + 3y ≤ 1200 Resource 2 x ≤ 180 Resource 3 y ≥ 0 x ≥ 0 (a) Find the shadow price for Resource 2. (Round your answer to the nearest cent.)$ (b) Identify the binding and nonbinding constraints. constraint 1 constraint 2 constraint 3
Kane Manufacturing has a division that produces two models of grates, model A and model B. To produce each model A grate requires 3 pounds of cast iron and 6 minutes of labor. To produce each model B grate requires 4 pounds of cast iron and 3 minutes of labor. The profit for each model A grate is $2.00, and the profit for each model B grate is $1.50. Available for grate production each day are 1000 pounds of cast iron and 20 labor-hours. Because of an excess inventory of model A grates, management has decided to limit the production of model A grates to no more than 180 grates per day. Maximize P = 2x + 1.5y subject to 3x + 4y ≤ 1000 Resource 1 6x + 3y ≤ 1200 Resource 2 x ≤ 180 Resource 3 y ≥ 0 x ≥ 0 (a) Find the shadow price for Resource 2. (Round your answer to the nearest cent.)$ (b) Identify the binding and nonbinding constraints. constraint 1 constraint 2 constraint 3
A manufacturer produces two models of toy airplanes. It takes the manufacturer 32 minutes to assemble model A and 8 minutes to package it. It takes the manufacturer 20 minutes to assemble model B and 10 minutes to package it. In a given week, the total available time for assembling is 3200 minutes, and the total available time for packaging is 960 minutes. Model A earns a profit of $10 for each unit sold and model B earns a profit of $8 for each unit sold. Assuming the manufacturer is able to sell as many models as it makes, how many units of each model should be produced to maximize the profit for the given week? Note that the ALEKS graphing calculator can be used to make computations easier. k trol Model A: unit(s) Model B: unit(s) Continue 1 Q A 2 option X NO 2 Z W S 5 # 3 ME P X E H command $ 4 D 9 R C % 5 F T A V 6 FO G Y 8 7 B Submit A © 2023 McGraw HRLLC Al Rights Reserved forms of Use | Plicy Center the # WY 8 U Deft FN J N 3 9 K M O < P 1 g
A carpenter builds bookshelves and tables for a living. Each bookshelf takes one box of screws, two 2 ✕ 4's, and three sheets of plywood to make. Each table takes two boxes of screws, four 2 ✕ 4's, and four sheets of plywood. The carpenter has 80 boxes of screws, 145 2 ✕ 4's, and 170 sheets of plywood on hand. In order to maximize their profit using these materials on hand, the carpenter has determined that they must build 12 shelves and 29 tables. How many of each of the materials (boxes of screws, 2 ✕ 4's, and sheets of plywood) are leftover, when the carpenter builds 12 shelves and 29 tables? The carpenter has boxes of screws, 2 ✕ 4's, and sheets of plywood leftover.

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