Question: Formulate a LP model for the following situation: A carpenter makes Tables and Chairs. Each Table cost $ 3 0 to be made and can

Formulate a LP model for the following situation: A carpenter makes Tables and Chairs. Each Table cost $30 to be made and can be sold for $70. Each Chair cost $16 and can be sold for $42. The carpenter can afford to spend up to 40 hours per week working and takes five hours to make a table and two hours to make a chair. Due to a space limitation in the shop, at most 40% of all the production (Tables and Chairs) has to be Tables. By experience he knows that the maximum number of chairs that he can sell in any given week is 30. Formulate this problem as a LP model, describe the decision variables (think about what are those things that you can control) and explain what are some of the assumptions that you made modeling the situation. Submit your analysis as an attached document.

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