Question: Thank you 3. Exercise Three: Casio Electronics produces two types of calculators; one is an economic, pocket model, whereas the other model is a more

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3. Exercise Three: Casio Electronics produces two types of calculators; one is an economic, pocket model, whereas the other model is a more advanced, graphing calculator. Based on historical data, management expects a daily demand of at least 110 pocket calculators, and at least 95 graphing calculators. In addition, due to limited capacity on the assembly line, production of pocket calculators cannot exceed 200 pocket calculators and 160 graphing calculators. What's more, due to a contractual obligation to a dealer, at least 200 total calculators must be send every day. If the sale of each pocket calculator yields a profit of $2, and each graphing calculator yields a $5 profit, how many calculators of each type should be made daily to maximize daily profits? (Hint: Use the simplex algorithm as shown in class)

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