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A craftsman builds two kinds of birdhouses,one for wrens (X1),and one for bluebirds (X2).Each wren birdhouse takes four hours of labor and four units of lumber.Each bluebird house requires two hours of labor and twelve units of lumber.The craftsman has available 60 hours of labor and 120 units of lumber.Wren houses profit $6 each and bluebird houses profit $15 each.
Use the software output that follows to interpret the problem solution.Include a statement of the solution quantities (how many of which product),a statement of the maximum profit achieved by your product mix,and a statement of "resources unused" and "shadow prices."
Transferred Check
A check that has been signed over by the original recipient to a new recipient, allowing the latter to cash or deposit the check.
Intermediary
An entity that acts as the middleman between two parties in a transaction, helping to facilitate communication and the exchange of goods, services, or information.
Depositary Banks
Financial institutions that hold securities, such as stocks and bonds, in electronic or physical form for safekeeping and facilitate transactions for these securities.
Payment
A transaction or arrangement in which money is exchanged for goods or services.
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