Question: Show me the steps to solve this with excel solver; Furniture Corporation manufactures two products, benches and picnic tables, for use in yards and parks.
Show me the steps to solve this with excel solver; Furniture Corporation manufactures two products, benches and picnic tables, for use in yards and parks. The firm has two main resources: its carpenters labor force and a supply of redwood for use in the furniture. During the next production cycle, hours of labor are available under a union agreement. The firm also has a stock of board feet of goodquality redwood. Each bench that Outdoor Furniture produces requires labor hours and board feet of redwood; each picnic table takes labor hours and board feet of redwood. Completed benches will yield a profit of$each, and tables will result in a profit of$each. How many benches and tables should Outdoor Furniture produce to obtain the largest possible profit? Use the graphical LP approach.
The Outdoor Furniture Corporation manufactures two products, benches and picnic tables, for use in yards and parks. The firm has two main resources: its carpenters labor force and a supply of redwood for use in the furniture. During the next production cycle, hours of labor are available under a union agreement. The firm also has a stock of board feet of goodquality redwood. Each bench that Outdoor Furniture produces requires labor hours and board feet of redwood; each picnic table takes labor hours and board feet of redwood. Completed benches will yield a profit of$each, and tables will result in a profit of$each. How many benches and tables should Outdoor Furniture produce to obtain the largest possible profit? Use the graphical LP
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