Suppose you want to purchase additional machines to increase daily production. You can spend up to one million dollars on the purchase of these machines, and you have up to 61,000 square feet of floorspace in your warehouses to place the machines. There are three machine types you are considering: machine type A B C production (units/day) 500 600 1000 cost per machine (dollars) 80000 50000 40000 floor space per machine (square feet) 2000 3000 5000 Assuming this model, figure out how many of each machine to purchase, within the budgeted money and floorspace costs, such that the daily production is as big as possible.

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This is a linear optimization problem where you want to maxi... View the full answer