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Furnco manufactures desks and chairs. Each desk used 4 units of wood, and each chair used 3 units of wood. A desk contributes $40 to profit, and each chair contributes $25 to profit. Marketing restrictions require that the number of chairs produced be at least twice the number of desks produced. There are 20 units of wood available. Determine the mix of desks and chairs to produce in order to maximize profit. The optimal objective function value should be $180.

Furnco manufactures desks and chairs. Each desk used 4 units of wood, and each chair used 3 units of wood. A desk contributes $40 to profit, and each chair contributes $25 to profit. Marketing restrictions require that the number of chairs produced be at least twice the number of desks produced. There are 20 units of wood available. Determine the mix of desks and chairs to produce in order to maximize profit. The optimal objective function value should be $180.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Product Mix Homework Problem Furnco manufactures desks and chairs. Each desk used 4 units of wood, and each chair used 3 unit

Product Mix Homework Problem Furnco manufactures desks and chairs. Each desk used 4 units of wood, and each chair used 3 units of A desk contributes $40 to profit, and each chair contributes $25 to profit. Marketing restrictions that the number of chairs produced be at least twice the number of desks produced. There are 20 ts of wood available. Determine the mix of desks and chairs to produce in order to maximize profit. e optimal objective function value should be $180. Profit Information Chairs Desks Contribution/unit Units produced Profit generate Production Data Chairs Desks Wood/unit required Minimum ratio of chairs to desks Wood Constraint Total units of wood used Production Ratio Constraint Number of chairs Total Profit
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