Question: Chapter 4.2, Problem 30E Bookmark Show all steps: ON Problem Profit A manufacturer makes two products, toy trucks and toy fire engines. Both are processed

 Chapter 4.2, Problem 30E Bookmark Show all steps: ON Problem Profit

Chapter 4.2, Problem 30E Bookmark Show all steps: ON Problem Profit A manufacturer makes two products, toy trucks and toy fire engines. Both are processed in four different departments, each of which has a limited capacity. The sheet metal department requires 2 hours for each truck and 3 hours for each fire engine and has a total of 24,000 hours available. The truck assembly department can handle at most 6600 trucks per week, and the fire engine assembly department assembles at most 5500 fire engines weekly. The painting department, which finishes both toys, has a maximum capacity of 10,000 per week. a. If the profit is $8.50 for a toy truck and $12.10 for a toy fire engine, how many of each item should the company produce to maximize profit? b. Keeping the profit for a toy truck at $8.50, use the graphical method to find the largest possible profit less than $12.10 for a toy fire engine that would result in an additional solution besides the one found in part a. What is the additional solution? Verify this solution using the simplex method. E c. Keeping the profit for a toy truck at $8.50, use the graphical method to find the smallest possible profit greater than $12.10 for a toy fire engine that would result in an additional solution besides the one found in part a. What is the additional solution? Verify this solution using the simplex method

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!