Question: Please help explain how to calculate this question and show step by step , I would like to check if i understand correctly Personal Mini
Please help explain how to calculate this question and show step by step, I would like to check if i understand correctly
Personal Mini Warehouses is planning to expand its successful Orlando business into Tampa. In doing so, the company must determine how many storage rooms of each size to build. Its objective and constraints follow: Maximize monthly earnings = 60X1 + 40X2 Subject to 3X1 + 5X2 600 (advertising budget available) 80X1 + 50X2 10000 (square footage required) X2 90 (rental limit expected) X1, X2 0 Where X1= number of large spaces developed X2 = number of small spaces developed
Questions
(a) Estimate the optimal solution of X1 and X2
(b) At the optimal solution, what is the maximize monthly earnings?
(c) At the optimal solution, how much of the advertising budget is spent?
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