SOLUTION: Hello! I'm not even sure where to start on this.. Any help would be appreciated!! A company wishes to produce two types of souvenirs: Type A and Type B. Each Type A souvenir wil

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Question 1201218: Hello! I'm not even sure where to start on this.. Any help would be appreciated!!
A company wishes to produce two types of souvenirs: Type A and Type B. Each Type A souvenir will result in a profit of $1.20, and each Type B souvenir will result in a profit of $1.80. To manufacture a Type A souvenir requires 2 minutes on Machine I and 1 minute on Machine II. A Type B souvenir requires 1 minute on Machine I and 3 minutes on Machine II. There are 3 hours available on Machine I and 5 hours available on Machine II.
(a) For a meaningful solution, the time available on Machine II must lie between
_?_ and _?_ min. (Enter your answers from smallest to largest.)
(b) If the time available on Machine II is changed from 300 min to
(300 + k) min, with no change in the maximum capacity for Machine I, then Ace Novelty's profit is maximized by producing __?__ Type A souvenirs and __?__ Type B souvenirs, where
__?__ ≤ k ≤ __?__
.
(c) Find the shadow price for Resource 2 (associated with constraint 2). (Round your answer to the nearest cent.)
$__?__
Answer by Edwin McCravy(20056)   (Show Source): You can put this solution on YOUR website!


Graphically or the simplex method? You can tell me in the thank you note form below 

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