A small company decides to use one section of its plant to produce two textbooks called Microeconomics and Macroeconomics. The profit made on each copy is $12 for Microeconomics and $18 for Macroeconomics. Each copy of Microeconomics requires 12 minutes for printing and 18 minutes for binding. The corresponding figures for Macroeconomics are 15 and 9 minutes, respectively. There are 10 hours available for printing and 10.5 hours available for binding. How many of each should be produced to maximize profit?
A small company decides to use one section of its plant to produce two textbooks called Microeconomics and Macroeconomics. The profit made on each copy is $12 for Microeconomics and $18 for Macroeconomics. Each copy of Microeconomics requires 12 minutes for printing and 18 minutes for binding. The corresponding figures for Macroeconomics are 15 and 9 minutes, respectively. There are 10 hours available for printing and 10.5 hours available for binding. How many of each should be produced to maximize profit?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 33P: Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand...
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A small company decides to use one section of its plant to produce two textbooks called
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