Tom is the owner of a furniture shop. He uses woods to make tables and chairs. Each day, he buys woods from his supplier at a cost of $13 per unit. The maximum amount of woods that may be purchased is 50 units. Each table requires 7 units of woods while each chair requires 4 units. He needs to spend time on making these products. He can make 0.7 chair or 1.1 table in 1 hour. The outputs are always proportional to the amount of time they spend. Tom can work 10 hours per day. A table can be sold at $100 and a chair can be sold at $70.
Let x1 and x2 be the numbers of table and chair produced. A formulate an LP that can help make a production plan for Tom to maximize his average daily profit is
max Ax1 + 18x2
s.t. 7x1 + 4x2 ≤ 50
Bx1 + Cx2 ≤ 10
xi ≥ 0 ∀i = 1, 2.
However, three numbers are missing (labeled as A, B, and C). What should be the number to make the formulation correct?
A = 12, B = 1.1, and C = 0.7.
A = 9, B = 1.1, and C = 0.7.
A = 12, B = 1/1.1, and C = 1/0.7.
A = 9, B = 1/1.1, and C = 1/0.7.
None of the above.
Following from the above problem, graphically solve the LP and find an optimal solution. What is the optimal number of chairs to produce in each day?