Question: The following linear programming problem has been written to plan the production of two products. The company wants to maximize its profits. X1 = number

The following linear programming problem has been written to plan the production of two products. The company wants to maximize its profits.

X1 = number of product 1 produced in each batch
X2 = number of product 2 produced in each batch

MAX: 150 X1 + 250 X2
Subject to: 2X1 + 5 X2 ≤ 200
3X1 + 7 X2 ≤ 175
X1, X2 ≥ 0

How much profit is earned per each unit of product 2 produced?
a. 150
b. 175
c. 200
d. 250

Step by Step Solution

★★★★★

3.43 Rating (162 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

To find the profit earned per unit of product 2 produ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Fill in the blanks with the right option: The children, Select one: O a. studyed - stopped b. studied - stoped c. studyed-stoped Od studied stopped for a long time. They at midnight.

Solve the following linear programming problem graphically: Minimize cost = 4X1 + 5X2 Subject to: X1 + 2X2 80 3X1 + X2 75 X1, X2 0

1. The following linear programming problem has been written to plan the production of two products using two inputs - labor and materials. The company wants to maximize its profits, it can not...

The following linear programming problem has been written to plan the production of two products. The company wants to maximize its profits. X 1 = number of product 1 produced in each batch X 2 =...

The following linear programming problem has been written to plan the production of two products. The company wants to maximize its profits. X1 = number of product 1 produced in each batch X2 =...

The following linear programming problem has been written to plan the production of two products. The company wants to maximize its profits. X1= number of product 1 produced in each batch X2= number...

The following linear programming problem has been written to plan the production of two products. The company wants to maximize its profits. X 1 = number of product 1 produced X 2 = number of product...

The Regal Cycle Company manufactures three types of bicycles-a dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow: "Allocated on the basis of sales...

Describe the functions that elevated water storage serves in a distribution system

Your company, in Virginia, is sending you to their headquarters in Japan to support with training employees on a newly acquired ordering system. Considering Japan's culture and Hofstede's 5...

The judge's scores for an Olympic gymnast's routine are shown below. Find the mean, median, and mode for the data. (If necessary, round your answers to two decimal places.) Judge's...

Paragraph Scenario 1 Tina is a manager for the Tourism Department of The Continent Hotel, which is focused on providing tour packages to travellers. Tina is asked by her supervisor to evaluate their...

As a school leader, advocating for all students regardless of background, income level, or any other factor is most closely aligned with which of the following practices? Group of answer choices...

3 . How does auditing contribute to detecting and preventing financial fraud?...... @@#### ( ( ( ) ) ) @@#### @@@@

1. As a general strategy, would you recommend that Carl take an aggressive approach to capacity expansion or more of a wait-and-see approach? 2. Should Carl go with the option for one facility that...

Consider a binomial experiment with 2 trials and p =- 0.4. a. Compute the probability of 1 success, f(1). b. Compute f(0). c. Compute f(2). d. Find the probability of at least 1 success. e. Find the...

Refer to Figure which shows the computer solution THE MANAGEMENT SCIENTIST SOLUTION FOR THE INVESTMENT ADVISORS PROBLEM a. How much would the return for U.S. Oil have to increase before it would be...

For the Hawkins Company, the monthly percentages of all shipments that were received on time over the past 12 months are 80, 82, 84, 83, 83, 84, 85, 84, 82, 83, 84, and 83. a. Compare a three-month...

The following data were collected for a randomized block analysis of variance design with four populations and eight blocks: a. State the appropriate null and alternative hypotheses for the...

A study was conducted to determine if differences in new textbook prices exist between on-campus bookstores, off-campus bookstores, and Internet bookstores. To control for differences in textbook...

A start-up cell phone applications company is interested in determining whether household incomes are different for subscribers to three different service providers. A random sample of 25 subscribers...