7-17 The Outdoor Furniture Corporation manufactures two products, benches and picnic tables, for use in yards and parks. The firm has two main resources: its carpenters (labor force) and a supply of redwood for use in the furniture. During the next production cycle, 1,200 hours of labor are available under a union agreement. The firm also has a stock of 3,500 feet of good- quality redwood. Each bench that Outdoor Furniture produces requires 4 labor hours and 10 feet of redwood;each picnic table takes 6 labor hours and 35 feet of redwood. Completed benches will yield a profit of $9 each, and tables will result in a profit of $ 20 each. How many benches and tables should Outdoor Furniture produce to obtain the largest possible profit? Use the graphical LP approach.
Paper#33447 | Written in 18-Jul-2015Price : $23