National Business Machines manufactures two models of fax machines: A and B. Each model A costs $61
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National Business Machines manufactures two models of fax machines: A and B. Each model A costs $61 to make, and each model B costs $110. The profits are $26 for each model A and $57 for each model B fax machine. The total number of fax machines demanded per month does not exceed 2,400 and the company has earmarked no more than $730,000/month for manufacturing costs. How many units of each model should National make each month in order to maximize its monthly profits? What is the optimal profit?
Complete the following:
a. Define the variables and what they represent.
b. State the objective function and the constraints. Label each.
Related Book For
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-0078025662
10th edition
Authors: Ronald Hilton, David Platt
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