The following linear programming problem has been written to plan the production of two products. The company
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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 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
Related Book For
Quantitative Methods for Business
ISBN: 978-0324651751
11th Edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey cam
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