Question
A company is planning to purchase and store two items, gadgets and widgets. Each gadget costs $2.00 and occupies 2 square meters of floor space; each widget costs $3.00 and occupies 1 square meter of floor space. $1,200 is available for purchasing these items and 800 square meters of floor space is available to store them. Each gadget contributes $3.00 to profit and each widget contributes $2.00 to profit.
Identify all constraints.
Identify all applicable corner points of the feasibility region.
What combination of gadgets and widgets produces maximum profit?
Identify all constraints.
Identify all applicable corner points of the feasibility region.
What combination of gadgets and widgets produces maximum profit?