Question: 1. A production manager in a woodwork workshop would like to determine the optimal number of tables & chairs to produce in a week. She

1. A production manager in a woodwork workshop

1. A production manager in a woodwork workshop would like to determine the optimal number of tables & chairs to produce in a week. She formulated the product mix problem as an LP problem where X1 & X2 are the number of tables & chairs manufactured per week. The unit profit for a table is $20 and for a chair is $80. max Profit z = 20x1 + 80X2 s.t. (1) 2.01 >= 1.5 * (x1 + x2) X1 0 Solve the LP problem either graphically or using Excel Solver and determine the optimal values of the decision variables and the corresponding optimal profit. [Optimal values are] [3 points, 1 point each] X1 = X2 = Z= [Insert your graph image here, or upload your excel file to Avenue, record the optimal values, even if you upload an excel file] [4 points for the graph or excel file]

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