Use the Simplex Method to solve the following problem. Show all work. 2. A contractor builds three types of houses; the Aries, the Belfair and the Wexford. Each house requires one lot and the following table gives the number of labor-hours and the amount of capital needed for each type of house, as well as the profit on the sale of each house. There are 12 lots, 47,500 labor-hours and $3,413,000 available for the contractor's use. Belfair 3,700 $279,600 $25,000 Wexford 5,000 Aries 3,000 $205,000 $20,000 Labor-hours Capital Profit $350,000 $30,000 a. Building how many of each type of house will maximize her profit b. What is the maximum possible profit?

Use the Simplex Method to solve the following problem. Show all work. 2. A contractor builds three types of houses; the Aries, the Belfair and the Wexford. Each house requires one lot and the following table gives the number of labor-hours and the amount of capital needed for each type of house, as well as the profit on the sale of each house. There are 12 lots, 47,500 labor-hours and $3,413,000 available for the contractor's use. Belfair 3,700 $279,600 $25,000 Wexford 5,000 Aries 3,000 $205,000 $20,000 Labor-hours Capital Profit $350,000 $30,000 a. Building how many of each type of house will maximize her profit b. What is the maximum possible profit?

Name: Use the Simplex Method to solve the following problem. Show all work.
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Description: Use the Simplex Method to solve the following problem. Show all work.2. A contractor builds three types of houses; the Aries, the Belfair and the Wexford. Each houserequires one lot and the following table gives the number of labor-hours and the amo

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

Use the Simplex Method to solve the following problem. Show all work.
2. A contractor builds three types of houses; the Aries, the Belfair and the Wexford. Each house
requires one lot and the following table gives the number of labor-hours and the amount of
capital needed for each type of house, as well as the profit on the sale of each house. There are
12 lots, 47,500 labor-hours and $3,413,000 available for the contractor's use.
Belfair
3,700
$279,600
$25,000
Wexford
5,000
Aries
3,000
$205,000
$20,000
Labor-hours
Capital
Profit
$350,000
$30,000
a. Building how many of each type of house will maximize her profit
b. What is the maximum possible profit?

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