Question: Problem Statement The Pyrotec Company produces three electrical products - clocks, radios, and toasters. These products have the following resource requirements: Resource Requirements Cost/Unit Labor

Problem Statement The Pyrotec Company produces
Problem Statement The Pyrotec Company produces
Problem Statement The Pyrotec Company produces
Problem Statement The Pyrotec Company produces
Problem Statement The Pyrotec Company produces three electrical products - clocks, radios, and toasters. These products have the following resource requirements: Resource Requirements Cost/Unit Labor Hours/Unit Clock $7 2 Radio 10 Toaster 5 Nw The manufacturer has a daily production budget of $2,000 and a maximum of 660 hours of labor. Maximum daily customer demand is for 200 clocks, 300 radios, and 150 toasters. Clocks sell for $15, radios for $20, and toasters for $12. The company wants to know the optimal product mix that will maximize profit. xl for clocks, x2 for radios and x3 for toasters maximize 8xl + 10x2 + 7x3 subject to 7x1 + 10x2 + 5x3

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