Question: Question: Formulate the optimization problem . Specify the decision variables, the objective function, and the constraints. The objective function and the constraints must be based

Question: Formulate the optimization problem. Specify the decision variables, the objective function, and the constraints. The objective function and the constraints must be based on the input parameters specified in the problem, the specified decision variables, and/or any intermediate variables.

Given: There are 5,000 total units of materials and 2,000 total units of labor available for production. In addition, with the iPad Pro being the newest product, Apple wants to produce and deliver at least 200 units to the retailer.

	iPad Pro	iPad Air	iPad Mini
Profit margin per unit	$200.00	$150.00	$150.00
Materials required per unit	5	3	2
Labor required per unit	2	1	1

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