Question: Read the question in the attached picture and answer both related questions. Q 7-14) read the paragraph and answer the question at the end from
Read the question in the attached picture and answer both related questions.
Q 7-14) read the paragraph and answer the question at the end from "Formulate and solve" & "Use corner point graphical approach".
Q 7-15) answer questions (A) & (B).
Thank you,

7-14 The Electrocomp Corporation manufactures two 715 electrical products: air conditioners and large fans. The assembly process for each is similar in that both require a certain amount of wiring and drilling. Each air conditioner takes 3 hours of wiring and 2 hours of drilling. Each fan must go through 2 hours of wiring and 1 hour of drilling. During the next production period. 240 hours of wiring time are available. and up to 140 hours of drilling time may be used. Each air conditioner sold yields a profit of 325. Each fan assembled may be sold for a $15 prot. Formulate and solve this LP production mix situation to nd the best combination of air conditioners and fans that yields the highest prot. Use the corner point graphical approach. Electrocomp's management realizes that it forgot to include two critical constraints (see Problem 7-14). In particular, management decides that there should be a minimum number of air conditioners produced in order to fulll a contract. Also, due to an oversup- ply of fans in the preceding period. a limit should be placed on the total number of fans produced. (a) If Electrocomp decides that at least 20 air con- ditioners should be produced but no more than 80 fans should be produced. what would be the optimal solution? How much slack or surplus is there for each of the four constraints? (b) If Electrocomp decides that at least 30 air con~ ditioners should be produced but no more than 50 fans should be produced. what would he the optimal solution? How much slack or surplus is there for each of the four constraints at the opti- mal solution
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