Problem:
Linear Programming a Company's Output
The company output below is for a product mix problem in which there are two products and three resource constraints. Use the output to help you answer the following questions. Assume that you wish to maximize profit in each case.
a. How many units of product 1 and product 2 should be produced?
b. How much of each of the three resources is being used?
c. What are the dual prices for each resource?
d. If you could obtain more of one of the resources, which one should you obtain? How much should you be willing to pay for this?
e. What would happen to profit if, with the original output, management decided to produce one more unit of product 2?
