A manufacturing plant produces computer mice, keyboards, and video game consoles. The sales price, per-unit cost, per-unit labor usage, per-unit machine-time usage, and monthly demand are given in the following table (also in worksheet): Each month, a total of 13,000 labor hours and 3,000 hours of machine time are available. How much of each product will maximize profit? Find and record the optimal amount of each product What is the maximized amount of profit?

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
ChapterP: Prerequisites
SectionP.FOM: Focus On Modeling: Making The Best Decisions
Problem 7P: Cell Phone Plans Gwendolyn is mulling over the three cell phone plans shown in the table. Gigabytes...
icon
Related questions
Question

A manufacturing plant produces computer mice, keyboards, and video game consoles. The
sales price, per-unit cost, per-unit labor usage, per-unit machine-time usage, and monthly
demand are given in the following table (also in worksheet):
Each month, a total of 13,000 labor hours and 3,000 hours of machine time are available.

  1. How much of each product will maximize profit?
  2. Find and record the optimal amount of each product
  3. What is the maximized amount of profit?

 

  Mice  Keyboards  Console
Sale Price   10 20 16
Cost to Produce 2 9 7
Labor usage/unit (hours) 0.2 0.3 0.24
Machine time/unit (hours) 0.04 0.055 0.04
Monthly demand  15000 29000 11000
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell