SOLUTION: 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, and each Type B souvenir will result in a profit of $1.20
Question 1201271: 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, and each Type B souvenir will result in a profit of $1.20. 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) The optimal solution holds if the contribution to the profit of a Type B souvenir lies between $ ?
and $ ?
(b) Find the contribution to the profit of a Type A souvenir (with the contribution to the profit of a Type B souvenir held at $1.20), given that the optimal profit of the company will be $160.80.
$
(c) What will be the optimal profit of the company if the contribution to the profit of a Type B souvenir is $1.50 (with the contribution to the profit of a Type A souvenir held at $1.00) Answer by Edwin McCravy(20055) (Show Source): You can put this solution on YOUR website!
This exact same problem is the first one solved online at this site:
http://isdmath.weebly.com/uploads/3/8/6/8/38684729/tan_finite_-_chapter_3.4.pdf
Edwin