Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Each coffee table produced by Kevin Watson Designer nets the firm a profit of $9. Each book case yields a $12 Profit. Watson's fim is small and it resources limited. During any given production period ( of 1 week ),10 gallons of varnish and 12 lenght of high-quality redwood are available. Each coffee table requires approximately 1 gallon of varnish and 1 lenght of redwood. Each bookcase takes 1 gallon of varnish and 2 lenghts of wood.
if the profit for the coffee table is increased from $ 9 to $ 15, what is the new optimal
solution? (also, you should show the process of how to get new optimal solution)
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