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Use this information,along with its associated Sensitivity Report,to answer the following questions.
A production manager wants to determine how many units of each product to produce weekly to maximize weekly profits.Production requirements for the products are shown in the following table.
Material 1 costs $7 a pound,material 2 costs $5 a pound,and labor costs $15 per hour.Product A sells for $101 a unit,product B sells for $67 a unit,and product C sells for $97.50 a unit.Each week there are 300 pounds of material 1;400 pounds of material 2;and 200 hours of labor.The output of product A should not be more than one-half of the total number of units produced.Moreover,there is a standing order of 10 units of product C each week.
-What is the optimal objective function value?
Big Bank
A colloquial term often used to describe very large multinational banking and financial services corporations.
Capital Contribution
The act of injecting financial resources or assets into a company or partnership by its owners or partners.
Partnership Agreement
A contractual document among partners that outlines the terms, conditions, and operational procedures of a partnership business.
Personal Loan
An unsecured loan provided by financial institutions, based on the borrower's credit history and ability to pay back, for personal use.
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