Mathematics, 29.01.2021 16:00 ale6826
If we let x represent the number of units sold and P the total profit, then, with a profit of $12 per unit, assuming that 6 hours are required to produce each unit and only 60 hours of production time are available per week, the following mathematical model defines the total profit earned by selling x units:
Max 10x
s. t.
5x <= 40
x >= 0
Suppose the firm in this example considers a second product that has a unit profit of $5 and requires 2 hours of production time for each unit produced. Use y as the number of units of product 2 produced.
Required:
Show the mathematical model when both products are considered simultaneously. Express your answers in terms of x and y.
Answers: 1
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If we let x represent the number of units sold and P the total profit, then, with a profit of $12 pe...
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