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dexar [7]
3 years ago
11

ABC furniture company makes chairs and desks from two resources-labor and wood. The company has 90 hours of labor and 40 feet of

wood available each day. Demand for chair is limited to 15 per day. Each chair requires 8 hours of labor and 3 feet of wood, whereas a desk requires 10 hours of labor and 6 feet of wood. The profit for each chair is $50 and for each desk is $70. The company wants to determine the number of chairs and desks to make in order to maximize profit. Formulate a linear programming model for this problem.
Business
1 answer:
qaws [65]3 years ago
4 0

Answer:

Explanation:

Linear Programming formulation:Total profit = 70X1 + 50X2= 170

Subject to:8X1 + 3X2 <= 14

10X1 + 6X2<= 22

X2<=15

X1>= 0

X2>=0

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Answer:

20,000,000= unemployed people

Explanation:

Giving the following information:

Suppose the current unemployment rate is 5%, the labor force is 400 million people, the labor force participation rate is 80% and the working-age population is 500 million people.

The unemployment rate is the number of people of working age, disposed to work and looking for a job.

Labor force rate= unemployed people/ labor force

0.05= unemployed people/ 400,000,000

400,000,000*0.05= unemployed people

20,000,000= unemployed people

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