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A contractor builds three types of houses: the Aries, the Belfair, and the Wexford. Each house requires one lot, and the following table gives the number of labor-hours and the amount of capital needed for each type of house, as well as the profit on the sale of each house. There are 9 lots, 36,400 labor-hours, and $2,574,200 available for the contractor's use. Aries Belfair Wexford Labor-hours 3,000 3,700 5,000 Capital $205,000 $279,600 $350,000 Profit $20,000 $25,000 $30,000 (a) Building how many of each type of house will maximize his profit? Aries houses Belfair houses Wexford houses (b) What is the maximum possible profit?

A contractor builds three types of houses: the Aries, the Belfair, and the Wexford. Each house requires one lot, and the following table gives the number of labor-hours and the amount of capital needed for each type of house, as well as the profit on the sale of each house. There are 9 lots, 36,400 labor-hours, and $2,574,200 available for the contractor's use. Aries Belfair Wexford Labor-hours 3,000 3,700 5,000 Capital $205,000 $279,600 $350,000 Profit $20,000 $25,000 $30,000 (a) Building how many of each type of house will maximize his profit? Aries houses Belfair houses Wexford houses (b) What is the maximum possible profit?

Practical Management Science
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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A contractor builds three types of houses: the Aries, the Belfair, and the Wexford. Each house requires one lot, and the following table gives the number of labor-hours and the amount of capital needed for each type of house, as well as the profit on the sale of each house. There are 9 lots, 36,400 labor-hours, and $2,574,200 available for the contractor's use. Aries Belfair Wexford Labor-hours 3,000 3,700 5,000 Capital $205,000 $279,600 $350,000 Profit $20,000 $25,000 $30,000 (a) Building how many of each type of house will maximize his profit? Aries houses Belfair houses Wexford houses (b) What is the maximum possible profit? $ Need Help? Read It
Transcribed Image Text:A contractor builds three types of houses: the Aries, the Belfair, and the Wexford. Each house requires one lot, and the following table gives the number of labor-hours and the amount of capital needed for each type of house, as well as the profit on the sale of each house. There are 9 lots, 36,400 labor-hours, and $2,574,200 available for the contractor's use. Aries Belfair Wexford Labor-hours 3,000 3,700 5,000 Capital $205,000 $279,600 $350,000 Profit $20,000 $25,000 $30,000 (a) Building how many of each type of house will maximize his profit? Aries houses Belfair houses Wexford houses (b) What is the maximum possible profit? $ Need Help? Read It
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