Question: Correct answer with proper explanation Jack could manufacture COVID 19 test kits using two processes. For process 1, the unit cost of the first two

Correct answer with proper explanation

Jack could manufacture COVID 19 test kits using two processes. For process 1, the unit cost of the first two million kits is $10, and the unit cost is reduced to $4 afterward. For process 2, the unit cost of the first five million kits is $8, and the unit cost is reduced to $5 after that. Jack has a budget of 20 million dollars and likes to maximize the number of test kits. Formulate this problem as an IP. I suggest you write out the complete formulation before you answer the multiple-choice questions.

Decision Variable:

X11: millions of kits manufactured at $10 using process 1

X21: millions of kits manufactured at $4 using process 1

X12: millions of kits manufactured at $8 using process 2

X22: millions of kits manufactured at $5 using process 2

What is the objective function?

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