The Following Spreadsheet Shows the Production and Sales Data for a Particular

question 45

Multiple Choice

The following spreadsheet shows the production and sales data for a particular product.Use the data to answer the question(s) below.
-What is the profit generated by the company?

• A)$280,000
• B)$980,000
• C)$1,260,000
• D)$540,000

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Definitions:

Limited Resources

The finite availability of inputs such as time, money, labor, and materials, which restricts the ability to meet demand or achieve certain objectives.

Maximizes Profit

A strategy or action aimed at increasing the difference between total revenue and total costs to the highest possible level.

Constraints

are limitations or restrictions that affect the strategies and outcomes of a decision-making process or production operation.

Region Of Optimality

The set of all solutions that optimizes a given objective function within a feasible region.