Set Up the Linear Programming Problem

question 30

Multiple Choice

Set up the linear programming problem.
-A steel company produces two types of machine dies, part A and part B and is bound by the followingconstraints:∙ Part A requires 1 hour of casting time and 10 hours of firing time.∙ Part B requires 4 hours of casting time and 3 hours of firing time.∙ The maximum number of hours per week available for casting and firing are 100 and 70, respectively.∙ The cost to the company is $0.75 per part A and $3.00 per part B. Total weekly costs cannot exceed $45.00.Let x = the number of part A produced in a week and y = the number of part B produced in a week. Writea system of three inequalities that describes these constraints.

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Definitions:

Cash Flow

The net amount of cash and cash-equivalents being transferred in and out of a business, crucial for its liquidity, solvency, and financial flexibility.

Language Of Finance

The specific jargon, terms, and concepts used in the finance industry to communicate financial information and decisions.

Proprietor Form

A business structure owned by a single individual, where the owner and the business are legally the same entity.

Double Taxation

The imposition of taxes on the same income, asset, or financial transaction at two different levels of government, often seen in the taxation of corporate profits and then again when dividends are paid to shareholders.