Question: Question 3 ( 2 points ) Saved Irwin Textile Mills produces two types of cotton cloth - denim and corduroy. Corduroy is a heavier grade
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Irwin Textile Mills produces two types of cotton clothdenim and corduroy. Corduroy is a heavier grade of cotton cloth and, as such, requires pounds of raw cotton per yard, whereas denim requires pounds of raw cotton per yard. A yard of corduroy requires hours of processing time; a yard of denim requires hours. Although the demand for denim is practically unlimited, the maximum demand for corduroy is yards per month. The manufacturer has pounds of cotton and hours of processing time available each month. The manufacturer makes a profit of $ per yard of denim and $ per yard of corduroy. The manufacturer wants to know how many yards of each type of cloth to produce to maximize profit.
Due to the market change, the demand for corduroy has increased to yards per month. How would this affect Irwin Textile Mills' profits?
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