Question: formulate the problem as a mathematical model 1. A television set manufacturing firm has to decide on the mix of color and black-andwhite TV's to

formulate the problem as a mathematical model 1.

formulate the problem as a mathematical model

1. A television set manufacturing firm has to decide on the mix of color and black-andwhite TV's to be produced. A market research indicates that at most 1000 units and 4000 units of color and black-and-white TV's can be sold per month. The maximum number of man-hours available is 50,000 per month. A color TV requires 20 manhours, and a black-and-white TV requires 15 man-hours. The unit profits of the color and black-and-white TV's are $60 and $30, respectively. It is desired to find the number of units of each TV type that the firm must produce in order to maximize its

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