Quantitive Business Techniques, statistics homework help

Linear Programming w/ Graphs

Pinewood Furniture Company manufactures chairs and tables using labor and wood, Each chair requires 8 hours of labor and 2 units of wood, while each table requires 10 hours of labor and 10 units of wood. The company has 74 hours of labor and 36 units of wood available. Profit from each chair is $30 while from each table is $50. The company can sell no more than 6 chairs. How many chairs and tables should the company manufacture to maximize their total profit? Formulate this problem as a linear programming problem and solve it graphically.

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Quantitive Business Techniques, statistics homework help

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