Suppose you are in the business of manufacturing white board markers. You make two types: Standard and
Question:
Suppose you are in the business of manufacturing white board markers. You make two types: Standard and Heavy Duty. You sell these to wholesalers for $10/box of 10 for Standard Markers and $15/box of 10 for Heavy Duty markers. Each standard marker is made up of 3 oz. of plastic and 1 fl. Oz. of marker fluid. Each Standard Marker is made up of 5 oz. of plastic and 1.5 fl. oz of marker fluid. Plastic costs $1/lb and marker fluid costs $5/gal. Each marker takes 30 seconds to manufacture by machine, but the machine can manufacture up to 10 at one time. Machine time costs $60/hr. (Note the difference between fluid ounces used for volume and ounces used for weight.)
Set up the profit function for each type of marker, using dimensional analysis as you would have to do for a linear program objective function where you wanted to maximize profit.