Problem Statement The Pyrotec Company produces three electrical products - clocks, radios, and toasters. These products have the following resource requirements: Clock Radio Toaster Resource Requirements Cost/Unit $7 10 5 Labor Hours/Unit 2 3 2 The manufacturer has a daily production budget of $2,000 and a maximum of 660 hours of labor. Maximum daily customer demand is for 200 clocks, 300 radios, and 150 toasters. Clocks sell for $15, radios for $20, and toasters for $12. The company wants to know the optimal product mix that will maximize profit.

Problem Statement The Pyrotec Company produces three electrical products - clocks, radios, and toasters. These products have the following resource requirements: Clock Radio Toaster Resource Requirements Cost/Unit $7 10 5 Labor Hours/Unit 2 3 2 The manufacturer has a daily production budget of $2,000 and a maximum of 660 hours of labor. Maximum daily customer demand is for 200 clocks, 300 radios, and 150 toasters. Clocks sell for $15, radios for $20, and toasters for $12. The company wants to know the optimal product mix that will maximize profit.

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter2: Systems Of Linear Equations

Section2.4: Applications

Problem 23EQ: 23. Consider a simple economy with just two industries: farming and manufacturing. Farming consumes...

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