Question: please answer before midnight!!! is the second photo sufficent? 1) (7 points) A small company builds two products, A and B, which earn profits of
please answer before midnight!!!
is the second photo sufficent?
1) (7 points) A small company builds two products, A and B, which earn profits of S262 and $189, respectively. Each product requires machine time and raw materials there are 400 hours of machine time and 600 pounds of raw material available. Each unit of product Arequires 3 hours of machine time and 6 pounds of raw material, each unit of product requires 4 hours of machine time and 3 pounds of raw material. Lastly, due to a pre-existing order, we must produce at least 2 units of product 8. How many of each product should be built in order to maximize profit? a) Set up LP Model. Either write it down or include your Excel work below b) What is the optimal combination of products and what is the best profit? I c) How much money would 15 extra hours of machine time be worth? How much money would 15 extra pounds of raw material worth? (This is called the shadow price) 1) (7 points) A small company builds two products, A and B, which earn profits of $262 and $189, respectively. Each product requires machine time and raw material; there are 400 hours of machine time and 600 pounds of raw material available. Each unit of product A requires 3 hours of machine time and 6 pounds of raw material ; each unit of product 8 requires 4 hours of machine time and 3 pounds of raw material. Lastly, due to a pre-existing order, we must produce at B least 52 units of product B. How many of each product should be built in order to maximize profit? a) Set up LP Model. Either write it down or include your Excel work below. b) What is the optimal combination of products and what is the best profit? c) How much money would 15 extra hours of machine time be worth? How much money would 15 extra pounds of raw material worth? (This is called the shadow price) 1) (7 points) A small company builds two products, A and B, which earn profits of S262 and $189, respectively. Each product requires machine time and raw materials there are 400 hours of machine time and 600 pounds of raw material available. Each unit of product Arequires 3 hours of machine time and 6 pounds of raw material, each unit of product requires 4 hours of machine time and 3 pounds of raw material. Lastly, due to a pre-existing order, we must produce at least 2 units of product 8. How many of each product should be built in order to maximize profit? a) Set up LP Model. Either write it down or include your Excel work below b) What is the optimal combination of products and what is the best profit? I c) How much money would 15 extra hours of machine time be worth? How much money would 15 extra pounds of raw material worth? (This is called the shadow price) 1) (7 points) A small company builds two products, A and B, which earn profits of $262 and $189, respectively. Each product requires machine time and raw material; there are 400 hours of machine time and 600 pounds of raw material available. Each unit of product A requires 3 hours of machine time and 6 pounds of raw material ; each unit of product 8 requires 4 hours of machine time and 3 pounds of raw material. Lastly, due to a pre-existing order, we must produce at B least 52 units of product B. How many of each product should be built in order to maximize profit? a) Set up LP Model. Either write it down or include your Excel work below. b) What is the optimal combination of products and what is the best profit? c) How much money would 15 extra hours of machine time be worth? How much money would 15 extra pounds of raw material worth? (This is called the shadow price)
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