The seasonal yield of olives greatly increases by a process of branch pruning instead of olives by normal process. The yield of 1 barrel of olives by pruning requires 5 hours of labor and 1 acre of land. The production of a barrel of olives by the normal process requires only 2 labor hours but takes 2 acres of land. An olive grower has 250 hours of labor available and a total of 150 acres for growing. A barrel of olives produced on pruned trees sells for $20, whereas a barrel of regular olives has a market price of $30. The grower has determined that because of uncertain demand, no more than 40 barrels of pruned olives should be produced. The best combination of barrels of pruned and regular olives in order to earn maximum profit X1(barrels of pruned) and X2( barrels of regular olives)   One of the constraints of the problem is Select one: 2X1+5X2<=250 30X1+20X2<=250 2X1+2X2<=250 5X1+2X2<=250 5X1+2X2>=250

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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The seasonal yield of olives greatly increases by a process of branch pruning instead of olives by normal process. The yield of 1 barrel of olives by pruning requires 5 hours of labor and 1 acre of land. The production of a barrel of olives by the normal process requires only 2 labor hours but takes 2 acres of land. An olive grower has 250 hours of labor available and a total of 150 acres for growing. A barrel of olives produced on pruned trees sells for $20, whereas a barrel of regular olives has a market price of $30. The grower has determined that because of uncertain demand, no more than 40 barrels of pruned olives should be produced. The best combination of barrels of pruned and regular olives in order to earn maximum profit X1(barrels of pruned) and X2( barrels of regular olives) 

 One of the constraints of the problem is

Select one:

  1. 2X1+5X2<=250
  2. 30X1+20X2<=250
  3. 2X1+2X2<=250
  4. 5X1+2X2<=250
  5. 5X1+2X2>=250
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