Question

A company receives sales in $20 per book and $18 per calculator. The per unit cost to manufacture each book and calculator are $5 and 4$ respectively. The monthly (30 day) cost must not exceed $27000 per month. If the manufacturing equipment used by the company takes five minutes to produce a book and 15 minutes to produce a calculator, how many books and calculators should the company produce to maximise profit? Please solve graphically and

238

likes
1189 views

Answer to a math question A company receives sales in $20 per book and $18 per calculator. The per unit cost to manufacture each book and calculator are $5 and 4$ respectively. The monthly (30 day) cost must not exceed $27000 per month. If the manufacturing equipment used by the company takes five minutes to produce a book and 15 minutes to produce a calculator, how many books and calculators should the company produce to maximise profit? Please solve graphically and

Expert avatar
Darrell
4.5
100 Answers
To maximize profit, the company should produce 1,500 books and 2,250 calculators per month. Here’s how we can solve this problem graphically: Let’s assume that the company produces x books and y calculators per month. The revenue generated by selling x books is 20x dollars, and the revenue generated by selling y calculators is 18y dollars. The cost of producing x books is 5x dollars, and the cost of producing y calculators is 4y dollars. The monthly cost must not exceed 27,000 dollars. Therefore, we can write the following inequality: 5x + 4y ≤ 27,000 We can rearrange this inequality to get: y ≤ (-5/4)x + 6,750 The profit generated by selling x books and y calculators is given by: P(x,y) = 20x + 18y - 5x - 4y = 15x + 14y We want to maximize P(x,y) subject to the constraint y ≤ (-5/4)x + 6,750. We can plot the line y = (-5/4)x + 6,750 and shade the region below it. This region represents the feasible set of solutions. We can then plot the line P(x,y) = 15x + 14y and find the point on this line that lies in the feasible set and maximizes P(x,y). This point corresponds to the optimal solution. I’m sorry, but I’m not able to create a graph for you. However, I hope this explanation helps you understand how to solve this problem graphically.

Frequently asked questions (FAQs)
What is the equation of a hyperbola with center (2,-3), horizontal axis, foci at (4,-3) and (-2,-3), and asymptotes with equations y = -3 ± (3/2)x?
+
Find the value of x satisfying log x = ln x.
+
What is the value of sin(45°) + 2cos(60°) + tan(30°)?
+
New questions in Mathematics
a to the power of 2 minus 16 over a plus 4, what is the result?
Solution of the equation y'' - y' -6y = 0
Let the vectors be u=(-1,0,2) , v=(0,2,-3) , w=(2,2,3) Calculate the following expressions a)<u,w> b) &lt;2u- 5v,3w&gt;
What payment 7 months from now would be equivalent in value to a $3,300 payment due 23 months from now? The value of money is 2.7% simple interest. Round your answer to 2 decimal places. Show all work and how you arrive at the answer..
Substitute a=2 and b=-3 and c=-4 to evaluate 2ac/(-2b^2-a)
The average number of babies born at a hospital is 6 per hour. What is the probability that three babies are born during a particular 1 hour period?
A triangular window has a base of 6 ft. and a height of 7 ft. What is its area?
Given (3x+2)E [2;14] how much money (in soles) does Sophia have if numerically it is the greatest value of x?
sum of 7a-4b+5c, -7a+4b-6c
The question is using rule 72 determine Kari wants to save 10,000 for a down payment on a house. Illustrate the difference in years it will take her to double her current 5,000 savings based on 6%, 12% and 18% interest rate .
A Smooth Plane is listed for $195.00. Discounts of 12% and 10% are allowed. If the customer pays cash within 30 days, an additional discount of 3% is granted. What is the cost if a carpenter takes advantage of all the discounts offered?
Let f and g be defined in R and suppose that there exists M > 0 such that |f(x) − f(p)| ≤ M|g(x) − g(p)|, for all x. Prove that if g is continuous in p, then f will also be continuous in p.
1. A jeweler has two gold bars, with 80% purity and the other with 95% purity. How much of each must be melted to obtain a 5 kilo ingot with 86% purity?
Log0
For the numbers below, select a number at random and find the probability that: a. The number is even b. The sum of the number’s digit is even c. The number is greater than 50 2 3 5 7 11 13 17 19 23 29 31 37 41 43 47 53 59 61 67 71 73 79 83 89 97
x²-7x+12=0
A candy manufacturer must monitor deviations in the amount of sugar in their products They want their products to meet standards. They selected a random sample of 20 candies and found that the sandard deviation of that sample is 1.7. What is the probabilty of finding a sample variance as high or higher if the population variance is actually 3277 Assume the population distribution is normal.
7-1=6 6x2=12 Explain that
What is the set-off agreement? Make your own example, describe and put in T accounts how you record transactions.
5 1/9 + 2 2/3