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Maxwell Manufacturing Makes Two Models of Felt Tip Marking Pens

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Essay

Maxwell Manufacturing makes two models of felt tip marking pens.Requirements for each lot of pens are given below.
Maxwell Manufacturing makes two models of felt tip marking pens.Requirements for each lot of pens are given below.    The profit for either model is $1000 per lot.  a.What is the linear programming model for this problem? b.Find the optimal solution. c.Will there be excess capacity in any resource? The profit for either model is $1000 per lot.
a.What is the linear programming model for this problem?
b.Find the optimal solution.
c.Will there be excess capacity in any resource?

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Definitions:

Compounded Monthly

A method of calculating interest where interest is added to the principal balance of an investment or loan once a month.

Future Value

The value of an investment or asset at a specified date in the future, taking into account factors such as interest rates or earnings.

Ordinary Annuity

A sequence of identical payments that are distributed at consistent intervals, where the initial payment is made at the conclusion of the period.

RRSP

Registered Retirement Savings Plan, a retirement savings and investment account for holding savings and investment assets, recognized by the Canadian government.

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