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. If the company produces 100 units of A and 200 units of B the value of the objective function is equal to

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. If the company produces 100 units of A and 200 units of B the value of the objective function is equal to

Quizplus · Accepted Answer

To find the value of the objective function, we need to calculate the total profit generated by producing 100 units of product A and 200 units of product B.

Profit generated by 100 units of A = 100 x $35.00 = $3500.00 
Profit generated by 200 units of B = 200 x $25.00 = $5000.00

Total profit = $3500.00 + $5000.00 = $8500.00

Therefore, the value of the objective function is $8500.00, and the correct answer is C.

TicToc Produces Product a and Product B