The following table summarizes the key facts about two products, A and B, and the resources, Q, R, and S, required to produce them. Product A $4,000 Resource Usage per Unit Produced Unit Profit Product B $3,000
The following table summarizes the key facts about two products, A and B, and the resources, Q, R, and S, required to produce them. Product A $4,000 Resource Usage per Unit Produced Unit Profit Product B $3,000
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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Transcribed Image Text:The following table summarizes the key facts about two products, A and B, and the resources, Q, R, and S, required to produce them.
Unit Profit
Resource Q
Resource R
Resource S
Product A
$4,000
Resource Usage per Unit Produced
Product A
1
2
3
Click here for the Excel Data File
Unit to produce
Product B
$3,000
Product B
2
1
3
Product A
All the assumptions of linear programming hold. Formulate and solve a linear programming model for this problem on a spreadsheet
by using the Excel Solver.
a. Determine units to produce of each unit.
Note: Round your answers to 3 decimal places.
Amount of
Resource
Available
2
2
4
heck my work
Product B

Transcribed Image Text:b. Determine the total profit.
Note: Round your answer to 2 decimal places.
Total profit
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