Keychain Publishing is planning to release two books, simultaneously, by the same author.One is a fictional book, while the other is the author's autobiography.The details of its cost, production, and demand are given in the table below.
Keychain Publishing has $150,000 available to bind books and advertise them with an objective of maximizing profit contribution.Provide the objective function for maximizing profits, along with its constraints.
Definitions:
Tax Owed
The total amount of tax liability that an individual or business is obligated to pay to a taxing authority.
Progressive Tax System
A tax that increases as income increases; the percentage or rate increases.
Income
The money received, especially on a regular basis, for work or through investments.
Head of Household
A filing status for individual U.S. taxpayers who are unmarried and pay more than half the cost of maintaining a home for themselves and a qualifying person.
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