Furnco manufactures tables and chairs. A table requires 40 board ft of wood, and a chair requires 30 board ft of wood. Wood may be purchased at a cost of $1 per board ft. and 40,000 board ft of wood are available for purchase. It takes 2 hours of skilled labor to manufacture an unfinished table or an unfinished chair. Three more hours of skilled labor will turn an unfinished table into a finished table, and 2 more hours of skilled labor will turn an unfinished chair into a finished chair. A total of 6,000 hours of skilled labor are available (and have already been paid for). All furniture produced can be sold at the following unit prices: unfinished table, $70; finished tabic. $140; unfinished chair, $60; finished chair, $110. Formulate an LP that will maximize the contribution to profit from manufacturing tables and chairs.

Answer rating: 100% (QA)

Let x 1 be the number of finished tables and x 2 be t... View the full answer