Question: 3 . ( 9 ) JoShop manufactures three products whose unit profits are ( $ 2 , $ 5 ) ,
JoShop manufactures three products whose unit profits are $ $ and $ respectively. The company has budgeted hrs of labor time and hrs of machine time for the production of the three products. The labor requirements per unit of products and are and hrs respectively. The corresponding machinetime requirements per unit are and hrs JoShop regards the budgeted labor and machine hours as goals that may be exceeded, if necessary, but at the additional cost of $ per labor hour and $ per machine hour. Formulate the problem as an LP and determine its optimum solution using Excel Solver.
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