A Manufacturer of Microcomputers Produces Four Models: Portable,Student,Office,and Network

question 8

Essay

A manufacturer of microcomputers produces four models: Portable,Student,Office,and Network.The profit per unit on each of these four models is $500,$350,$700,and $1000,respectively.The models require the labor and materials per unit shown below. How many of each model should be produced to maximize profit.What is the maximum profit?

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Definitions:

Consistent

In statistics, refers to an estimator that, as the sample size grows to infinity, converges in probability to the true parameter being estimated.

Salaries

Refers to the regular payments made to employees for their work or services, typically expressed in terms of annual amounts or hourly rates.

Provinces

Administrative divisions within a country, with specific governmental responsibilities distinct from the central government; often used in reference to Canada's political structure.

Occupation

a person's job or profession.