A small business produces and sells two types of products, X and Y. The production cost per
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A small business produces and sells two types of products, X and Y. The production cost per unit of X is $5 and the production cost per unit of Y is $7. The selling price per unit of X is $8 and the selling price per unit of Y is $10. The business can sell at most 800 units of both products combined per day. Due to limited resources, the production of X cannot exceed the production of Y by more than 200 units per day. If the business wants to maximize its profit, how many units of each product should it produce and sell per day?
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
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