A company makes products A and B from 2 resources,labor and material.The company wants to determine the selling price which will maximize profits.A unit of product A costs 25 to make and demand is estimated to be 20 ?
) 10 * Price of A.A unit of product B costs 18 to make and demand is estimated to be 30 ? .07 * Price of B.The utilization of labor and materials and the available quantity of resources is shown in the table.A reasonable price for the products is between 100 and 200.
Let X1 = demand for As and X2 = demand for Bs.Let P1 = price for As and P2 = price for Bs.
The objective function for this problem is?
A)
B)
C)
D)
Correct Answer:
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