Chapter 3: Problem 9
Find the graphical solution of each inequality. $$ 4 x-3 y \leq-24 $$
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Chapter 3: Problem 9
Find the graphical solution of each inequality. $$ 4 x-3 y \leq-24 $$
These are the key concepts you need to understand to accurately answer the question.
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Solve each linear programming problem by the method of corners. Find the maximum and minimum of \(P=10 x+12 y\) subject to $$ \begin{aligned} 5 x+2 y & \geq 63 \\ x+y & \geq 18 \\ 3 x+2 y & \leq 51 \\ x \geq 0, y & \geq 0 \end{aligned} $$
A company manufactures two products, \(\mathrm{A}\) and \(\mathrm{B}\), on machines \(\mathrm{I}\) and \(\mathrm{II}\). The company will realize a profit of \(\$ 3 /\) unit of product \(A\) and a profit of \(\$ 4 /\) unit of product \(B\). Manufacturing 1 unit of product A requires 6 min on machine I and 5 min on machine II. Manufacturing 1 unit of product \(\mathrm{B}\) requires 9 min on machine I and 4 min on machine II. There are 5 hr of time available on machine I and \(3 \mathrm{hr}\) of time available on machine II in each work shift. a. How many units of each product should be produced in each shift to maximize the company's profit? b. Find the range of values that the contribution to the profit of 1 unit of product A can assume without changing the optimal solution. c. Find the range of values that the resource associated with the time constraint on machine I can assume. d. Find the shadow price for the resource associated with the time constraint on machine \(\mathrm{I}\),
Find the graphical solution of each inequality. $$ 3 y+2>0 $$
MANUFACTURING-PRODUCTION SCHEDULNG Kane Manufacturing has a division that produces two models of fireplace grates, model A and model B. To produce each model \(\mathrm{A}\) grate requires \(3 \mathrm{lb}\) of cast iron and \(6 \mathrm{~min}\) of labor. To pro- duce each model B grate requires \(4 \mathrm{lb}\) of cast iron and \(3 \mathrm{~min}\) of labor. The profit for each model A grate is \(\$ 2.00\), and the profit for each model B grate is \(\$ 1.50\). If \(1000 \mathrm{lb}\) of cast iron and \(20 \mathrm{hr}\) of labor are available for the production of grates per day, how many grates of each model should the division produce per day in order to maximize Kane's profits?
Madison Finance has a total of \(\$ 20\) million earmarked for homeowner and auto loans. On the average, homeowner loans have a \(10 \%\) annual rate of return, whereas auto loans yield a \(12 \%\) annual rate of return. Management has also stipulated that the total amount of homeowner loans should be greater than or equal to 4 times the total amount of automobile loans. Determine the total amount of loans of each type that Madison should extend to each category in order to maximize its returns. What are the optimal returns?
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