Question: Consider the Cutting Edge Knife Company problem of Example 1 of Section 4.4. Suppose that the company is thinking of also making Bowie knives. If
Consider the Cutting Edge Knife Company problem of Example 1 of Section 4.4. Suppose that the company is thinking of also making Bowie knives. If each Bowie knife requires 4 labor-hours, 6 units of steel, and 2 units of wood, what profit must be realized per knife to justify adding this product?
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The new primal problem is to maximize 30x 50y pz where p is the profit per Bowie knife and z ... View full answer
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