ABC furniture company makes chairs and desks from two resources-labor and wood. The company has 90 hours of labor and 40 feet of wood available each day. Demand for chair is limited to 15 per day. Each chair requires 8 hours of labor and 3 feet of wood, whereas a desk requires 10 hours of labor and 6 feet of wood. The profit for each chair is $50 and for each desk is $70. The company wants to determine the number of chairs and desks to make in order to maximize profit. Formulate a linear programming model for this problem.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “ABC furniture company makes chairs and desks from two resources-labor and wood. The company has 90 hours of labor and 40 feet of wood ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A city government imposes a proportional income tax on all people who earn income within its city limits. In 2004, the city's income tax rate was 0.04 (4 percent), and it collected $20.00 million in income taxes.
Answers (1)
Assume that the money demand function is (M / P) d = 2,200 - 200r, where r is the interest rate in percent. If the price level is fixed at P=2, and the Fed wants to fix the interest rate at 7 percent, it should set the money supply at:
Answers (1)
Jerry was recently offered a position with a major accounting firm. The firm offered Jerry either a signing bonus of $23,000 payable on the first day of work or a signing bonus of $26,000 payable after one year of employment.
Answers (1)
Steven is considering taking a job with a company that is offering gym memberships, flexible hours, repayment of education loans, merchandise discounts, and childcare. these components of the job offer are called:
Answers (1)
A setting of plainsong with two to four notes per syllable is called:
Answers (1)
New Questions in Business
Home Smart Inc. is a chain of supermarkets that sells its products at higher prices than its competitors. Yet, the supermarket chain has a large customer base due to its wide product portfolio and superior customer service.
Answers (1)
Why are the three economic questions important in econ?
Answers (1)
New School Inc. expects an EBIT of $7,000 every year forever. The firm currently has no debt, and its cost of equity is 15 percent. The firm can borrow at 8 percent and the corporate tax rate is 34 percent.
Answers (1)
After Sunshine Systems merged with RTD Enterprises, company executives noticed that due to increased employee collaboration between the two units, costs were down and revenues increased within both areas.
Answers (1)
Corporations have more ways to raise to pay for productive resources than small firms or not-for-profit organizations.
Answers (1)