Quantitative Methods II - Question 2. Please answer a & b. Thank you Question 2Supply Essentials has signed a new contract to supply a customerwith at least 260 units in total of two products, X & Y, during thenext few months. At least 50% of the total output must be units ofX. The products are each made by two grades of labour, as follows.Grade A labourGrade B labourTotalXHours48YHours6do2Although additional labour can be made available at short notice,the company wishes to make use of 1,200 hours of Grade Alabour and 800 hours of Grade B labour which has already beenassigned to working on the contract next month. The totalvariable cost per unit is $120 for X and $100 for Y.Supply Essentials wishes to minimize expenditure on the contractnext month.For the information given above:a. Define your variables, list the inequalities and state yourobjective function.b. Calculate how much of X and Y should be supplied in order tomeet the terms of the contract using the graphical method.

As per the question, we are asked to determine the optimal production quantities for two products, X…

Answered: For the information given above: a.…

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter2: Systems Of Linear Equations

Section2.4: Applications

Problem 28EQ

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For the information given above: a. Define your variables, list the inequalities and state your objective function. b. Calculate how much of X and Y should be supplied in order to meet the terms of the contract using the graphical method.