Figure 25-7
the Following Information Is Available for the Johnson

question 19

Multiple Choice

Figure 25-7
The following information is available for the Johnson Boat Company, which sells two products: $\begin{array}{lcc}&\text { 3- Person Raft } & \text { Kayak } \\&\text { (Variable } A \text { ) } & \text { (Variable B) }\\\text { Selling price } & £ 50 & £ 80 \\\text { Variable costs } & £ 35 & £ 50 \\\text { Fixed costs (average) } & £ 10 & £ 20 \\\text { Processing time } & 2 \text { hours } & 4 \text { hours } \\\text { Vinyl cover used } & 16 \mathrm{sq} . \mathrm{ft} . & 12 \mathrm{sq} . \mathrm{ft} .\end{array}$
There are 100 hours available in the plant and 75 square metres of vinyl available per operating period.
-Refer to Figure 25-7. The objective function for this production situation is to:

• A)maximize £15A + £30B.
• B)maximize £50A + £80B.
• C)maximize £35A + £50B.
• D)minimize £15A + £30B.

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Definitions:

Traditional Mode

Conventional or long-established ways of operating or doing something.

Plan

A detailed proposal for doing or achieving something, often outlining goals, strategies, and actions to be taken.

Implement

To put a decision, plan, strategy, or law into effect or action.

Strategy

A comprehensive plan or set of actions designed to achieve long-term goals or overall objectives, especially in business or military contexts.