Question: Recall the production model from Section 1 . 3 : Max 1 0 x s . t . 5 x 4 0 , x 0
Recall the production model from Section :
Max
Suppose the firm in this example considers a second product that has a unit profit of $$ and requires hours for each unit produced. Assume total production capacity remains units. Use as the number of units of product produced.
a Show the mathematical model when both products are considered simultaneously,
b Identify the controllable and uncontrollable inputs for this model.
c Draw the flowchart of the inputoutput process for this model see Figure
d What are the optimal solution values of and
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