Mathematics, 12.09.2019 22:20 arielpraczko1
Problem 1-08 if we let x represent the number of units sold and p the total profit, then, with a profit of $10 per unit, assuming that 5 hours are required to produce each unit and only 40 hours of production time are available per week, the following mathematical model defines the total profit earned by selling x units:
max 10x
s. t
5x < x 90
x > 90
suppose the firm in this example considers a second product that has a unit profit of $7 and requires 3 hours of production time for each unit produced. use y as the number of units of product 2 produced.
(a) show the mathematical model when both products are considered simultaneously. express your answers in terms of x and y maximise s. t
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Problem 1-08 if we let x represent the number of units sold and p the total profit, then, with a pro...
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