TicToc produces product A and product B.These products have the following resource requirements. The firm has a weekly production budget of $3000 and a maximum of 1000 hours of labor per week.Each A produced generates $35.00 in profit for the company.Each B produced generates $25.00 in profit for the company.The company's objective function is
A)Maximize Z = $35.00A + $25.00B.
B)Minimize Z = $12A + 8B.
C)Minimize Z = 4A + 3B.
D)None of these answer choices is correct.

Question

TicToc produces product A and product B.These products have the following resource requirements.  The firm has a weekly production budget of $3000 and a maximum of 1000 hours of labor per week.Each A produced generates $35.00 in profit for the company.Each B produced generates $25.00 in profit for the company.The company's objective function is
A)Maximize Z = $35.00A + $25.00B. 
B)Minimize Z = $12A + 8B. 
C)Minimize Z = 4A + 3B. 
D)None of these answer choices is correct.

Quizplus · Accepted Answer

The Answer is A

TicToc Produces Product a and Product B