A furniture company is producing two type of furniture. Product A requires 8 board feet of wood and 2 Ibs of wicker. Product B requires 6 board feet of wood and 6 Ibs of wicker. There are 2000 board feet of wood available for product and 1000! bs of wicker. Product A earns profit margin of $30 a unit and Product B earns a profit margin of $40 a unit. What should the objective function be

Question

Amina Whitehead

Business

19 October, 06:18

A furniture company is producing two type of furniture. Product A requires 8 board feet of wood and 2 Ibs of wicker. Product B requires 6 board feet of wood and 6 Ibs of wicker. There are 2000 board feet of wood available for product and 1000! bs of wicker. Product A earns profit margin of $30 a unit and Product B earns a profit margin of $40 a unit. What should the objective function be

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Answers (1)

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Aimee Holder · Answer 1

Maximize 30A + 40B.

Explanation:

Given that

Profit margin of product A = $30 per unit

And, the Profit margin of product B = $40 per unit

And, let us assume that

Number of product A produced is A

And, the Number of product A produced is B

So, the total profit is

= 30A + 40B

And, this reflects the maximum profit

All other information which is not given is not relevant. Hence ignored it