Decision making using matrix reduction
I am having problems coming up with the equations(systems)to use for the following word problem. I don't usually have a problem with solving matrices infact I like them but I can't even get started on this problem.
A company produces two products, A and B For each unit of A sold the profit is $8, and for each unit of B the profit is $11. It has bee n found from past experience that 25% more of A can be sold than of B. Next year the manufacturer desires a total profit of $42000. How many units of each product must be sold?
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A company produces two products, A and B. For each unit of A sold the profit is $8, and for each unit of B the profit is $11. It has been found from past experience that 25% more of A can be sold than of B. Next year the manufacturer desires a total profit of $42000. How ...
Solution Summary
Decision making using matrix reduction is examined.