Question: Consider the graphical linear programming problem below: Maximize Z = $15X + $20y Subject to: (i) 8x + 5y s 40 (i) 4x + y

Consider the graphical linear programming problem below:

Maximize Z = $15X + $20y

Subject to:

(i) 8x + 5y s 40

(i) 4x + y 24

Solve the values of x and y that will maximize revenue.

What revenue will result?

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 General Management Questions!

Q:

Consider the following linear programming problem: Max Z = $15x + $20y Subject to: 8x + 5y 40 0.4x + y 4 x, y 0 Considering that the values for x and y that will maximize revenue are respectively x =...

Q:

Consider the following linear programming problem: Profit (Maximize) Z = 8X + 7Y Such that: Material-1 3X+ 14 S 15 Material-11 5X+ 3Y S 30 Material-III 1X+ 1Y S8 X and Y 20 Solve the above linear...

Q:

MATH 106 Week 8 LEO Discussion Topic Exercises Version: 2015-1 Linear Programming 1. Graphically solve the following: Maximize , subject to: f 6x y 2. x y 8 3x y 0 y 0 Solve the given linear...

Q:

Q7. Consider the following linear programming problem This is a special case of a linear programming problem in which A) T here is no feasible solution. B) There are multiple optimal solutions C)...

Q:

Consider the following linear programming problem: Max Z = $12x + $5y Subject to : 8x + 5y 40 4x + 3y 12 x, y 0 Considering that the values for x and y that will maximize revenue are respectively x =...

Q:

Consider the following linear programming problem: Max Z = $12x + $5y Subject to: 8x + 5y = 40 4x + 3y = 12 X, y 2 0 Considering that the values for x and y that will maximize revenue are...

Q:

Consider the following linear programming problem: Max Z = $12x + $5y Subject to: 8x + 5y = 40 4x + 3y = 12 X, y 2 0 Considering that the values for x and y that will maximize revenue are...

Q:

Consider the following linear programming problem: Max Z = $12x + $5y Subject to : 8x + 5y 40 4x + 3y 12 x, y 0 Considering that the values for x and y that will maximize revenue are respectively x =...

Q:

Consider the following linear programming problem: Max Z = $20x + $20y Subject to: 8x + 4y 40 5x + 10y 40 x, y 0 Find the optimal profit (Z) and the values of x1 and x2 at the optimal solution. A x =...

Q:

Question 4 Question 10, *Bus Econ 7.3.9 HW Score: 30%, 6 of 20 points Save Points: 0 of 3 Kevin is an auto mechanic. He spends 2 hours when he replaces the shocks on a car and 2 hours when he...

Q:

8. If a utility function is a. u(x)=lnx b. u(x)=2x+3 c. u(x)=x how would we choose between the following two lotteries? and L- L. 0.5 0.5 0.9 0.1 $880 $0 $500 - $100

Q:

The following information is available for Penny Worth, Inc. for the fiscal year ending December 31, 2020: Beginning balance in Work in Process Inventory Ending balance in Work in Process Inventory...

Q:

On the Cash worksheet, change the value in cell B4 to 1000

Q:

3. Suppose we know the following information: The spot price of oil is USD 100; The quoted 1-year futures price of oil is USD 110; The 1-year USD interest rate is 5% per annum (annual compounding):...