A furniture company manufactures tables and chairs. Each table and chair must be made entirely out...

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A furniture company manufactures tables and chairs. Each table and chair must be made entirely out of oak or entirely out of pine. A total of 15,000 board feet of oak and 21,000 board feet of pine are available. A table requires either 17 board feet of oak or 30 board feet of pine, and a chair requires either 5 board feet of oak or 13 board feet of pine. Each table can be sold for $800, and each chair for $300. a. Determine how the company can maximize its revenue. If your answer is zero, enter "0". Production Schedule Oak tables Pine tables Oak chairs Pine chairs Units Produced 17 30 5 13 Maximized total revenue: $ b. Use SolverTable to investigate the effects of simultaneous changes in the selling prices of the products. Specifically, see what happens to the total revenue when the selling prices of oak products and the selling prices of pine products are allowed to vary (independently) by as much as plus or minus 30%, in increments of 10%, from their original values. As the selling price of oak products increases, total revenue decreases and the revenue increases are not linear A furniture company manufactures tables and chairs. Each table and chair must be made entirely out of oak or entirely out of pine. A total of 15,000 board feet of oak and 21,000 board feet of pine are available. A table requires either 17 board feet of oak or 30 board feet of pine, and a chair requires either 5 board feet of oak or 13 board feet of pine. Each table can be sold for $800, and each chair for $300. a. Determine how the company can maximize its revenue. If your answer is zero, enter "0". Production Schedule Oak tables Pine tables Oak chairs Pine chairs Units Produced 17 30 5 13 Maximized total revenue: $ b. Use SolverTable to investigate the effects of simultaneous changes in the selling prices of the products. Specifically, see what happens to the total revenue when the selling prices of oak products and the selling prices of pine products are allowed to vary (independently) by as much as plus or minus 30%, in increments of 10%, from their original values. As the selling price of oak products increases, total revenue decreases and the revenue increases are not linear

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a Production Schedule Units Produced Oak tables 1000 Pine tables 700 Oak chairs 1500 Pine chairs ... View the full answer