Pinocchio, Inc. manufactures 2 types of wooden toys: trucks and trains. The price of a piece...

 

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Pinocchio, Inc. manufactures 2 types of wooden toys: trucks and trains. The price of a piece of truck is GHC550, of a piece of train GHC700. The wood cost for the truck is GHC50, whereas for the train GHC70. The truck requires 1 hour of carpentry labor and 1 hour of finishing labor [assembling and painting]. The train requires 2 hours of carpentry labor and 1 hour of finishing labor. Worth of carpentry labor is GHC30 per hour, worth of finishing labor is GHC20 per hour. Each month, Pinocchio has 5000 available hours of carpentry labor and 3000 hours of finishing labor. Demand for trains is unlimited, but at most 2000 trucks are, at an average, bought each month. The Pinocchio's management wants to maximize monthly profit (total revenue-total cost). Pinocchio, Inc. manufactures 2 types of wooden toys: trucks and trains. The price of a piece of truck is GHC550, of a piece of train GHC700. The wood cost for the truck is GHC50, whereas for the train GHC70. The truck requires 1 hour of carpentry labor and 1 hour of finishing labor [assembling and painting]. The train requires 2 hours of carpentry labor and 1 hour of finishing labor. Worth of carpentry labor is GHC30 per hour, worth of finishing labor is GHC20 per hour. Each month, Pinocchio has 5000 available hours of carpentry labor and 3000 hours of finishing labor. Demand for trains is unlimited, but at most 2000 trucks are, at an average, bought each month. The Pinocchio's management wants to maximize monthly profit (total revenue-total cost).

Answer rating: 100% (QA)

Let number of trucks x number of trains y Total revenue Total cost 550x 700g 50x 30xxx ... View the full answer