Linear Programming a Company's Output
Not what you're looking for?
The company output below is for a product mix problem in which there are two products and three resource constraints. Use the output to help you answer the following questions. Assume that you wish to maximize profit in each case.
a. How many units of product 1 and product 2 should be produced?
b. How much of each of the three resources is being used?
c. What are the dual prices for each resource?
d. If you could obtain more of one of the resources, which one should you obtain? How much should you be willing to pay for this?
e. What would happen to profit if, with the original output, management decided to produce one more unit of product 2?
See attached
Purchase this Solution
Solution Summary
The solution examines linear programming to determine a company's output.
Solution Preview
The company output below is for a product mix problem in which there are two products and three resource constraints. Use the output to help you answer the following questions. Assume that you wish to maximize profit in each case.
a. How many units of product 1 and product 2 should be produced?
25 units of product 1 and 0 units of product 2 should be ...
Purchase this Solution
Free BrainMass Quizzes
Geometry - Real Life Application Problems
Understanding of how geometry applies to in real-world contexts
Exponential Expressions
In this quiz, you will have a chance to practice basic terminology of exponential expressions and how to evaluate them.
Multiplying Complex Numbers
This is a short quiz to check your understanding of multiplication of complex numbers in rectangular form.
Probability Quiz
Some questions on probability
Graphs and Functions
This quiz helps you easily identify a function and test your understanding of ranges, domains , function inverses and transformations.