A Small Furniture Manufacturer Produces Tables and Chairs

question 53

Short Answer

A small furniture manufacturer produces tables and chairs.Each product must go through three stages of the manufacturing process: assembly, finishing, and inspection.Each table requires 3 hours of assembly, 2 hours of finishing, and 1 hour of inspection.Each chair requires 2 hours of assembly, 2 hours of finishing, and 1 hour of inspection.The profit per table is $120, while the profit per chair is $80.Currently, each week there are 200 hours of assembly time available, 180 hours of finishing time, and 40 hours of inspection time.To keep a balance, the number of chairs produced should be at least twice the number of tables.Also, the number of chairs cannot exceed six times the number of tables.How many tables and chairs should the furniture manufacturer produce to maximize profit?

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Definitions:

Reciprocity Norm

A social rule stating that people should repay, in kind, what another person has provided for them; it is a basis for exchange in social relationships.

GRIT

A psychological trait based on an individual's passion for a particular long-term goal or end state, coupled with a powerful motivation to achieve their respective objective.

Ingroup Bias

The tendency to favor and extend loyalty to members of one's own group over others, often leading to prejudice and discrimination.

Prejudice and Discrimination

Prejudice and discrimination involve unfair treatment or negative attitudes towards individuals based on their membership in a particular group, often rooted in stereotypes.