ABC,Inc,is a Small Clothing Manufacturer That Produces Polo Shirts and Pants

question 30

Multiple Choice

ABC,Inc.,is a small clothing manufacturer that produces polo shirts and pants using two resources: sewing machine hours and cutting machine hours.The production manager can schedule up to 240 hours of sewing machine time and up to 150 hours cutting machine time.Production of one polo shirt requires 3 hours of sewing time and 1 hour of cutting time.Each pair of pants requires 2 hours of sewing time and 1.5 hours of cutting time.Each polo shirt yields a profit of $5,and each pair of pants generates a $6 profit.The objective is to maximize profits.How many decision variables are there in this LP formulation?

• A)one
• B)two
• C)three
• D)four

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Definitions:

Sound Policy

A policy that is well-founded, practical, and likely to produce desired outcomes, often based on evidence and rational analysis.

Rational-Ignorance Effect

The decision by individuals to remain uninformed about an issue because the perceived cost of acquiring the knowledge outweighs the expected benefits.

Externalities

Externalities are consequences of an economic activity experienced by unrelated third parties; they can be either positive (benefits) or negative (costs).

News Media

Organizations and platforms that gather, produce, and distribute news and information to the public.