The company produces two types of valves, each valve of the first type needs twice the time it takes to produce a valve of the second type. If production is limited to the second type only, then the company can produce (500) | A valve of this type. Market studies indicated the possibility of selling (150) type 1 valves and | (250) Type II valve. The profits for each valve of the first type are (8000) dinars and (5000) dinars of the second type. Determine the number of valves that can be produced for both types to maximize profits with the ecological and simplified method
The company produces two types of valves, each valve of the first type needs twice the time it takes to produce a valve of the second type. If production is limited to the second type only, then the company can produce (500) | A valve of this type. Market studies indicated the possibility of selling (150) type 1 valves and | (250) Type II valve. The profits for each valve of the first type are (8000) dinars and (5000) dinars of the second type. Determine the number of valves that can be produced for both types to maximize profits with the ecological and simplified method
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The company produces two types of valves, each valve of the first type needs twice the time it takes to produce a valve of the second type. If production is limited to the second type only, then the company can produce (500) | A valve of this type. Market studies indicated the possibility of selling (150) type 1 valves and | (250) Type II valve. The profits for each valve of the first type are (8000) dinars and (5000) dinars of the second type. Determine the number of valves that can be produced for both types to maximize profits with the ecological and simplified method
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