What should be the basic goal of a firm when it sets a level of output?
1 answer:
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Answer:
The max revenue is "$32,300". The further explanation is described below.
Explanation:
(a)
The composition as well as response of models within 6 rows seems to be as described in the following:
Maximum 1650B + 850N + 790P (B bracelets, N necklaces and P pins produce overall revenue)
Yes of course,
The total gold ounces will be:
⇒
The total labor hours will be:
⇒
Integers B, N, P will become
The response for LINDO is:
B=10.0.
N=0
P=20
Final Value of Maximization will be:
= 32,300
(b)
- 10 bracelets, hardly any necklaces as well as 20 pins should always be made by the shop.
- These goods utilizing 125 ounces of gold simultaneously,
- It would use 310 hours of labor although 10 hours would then stay unused.
The maximum salary will become:
= $32,300.