Find the Constraint Inequalities and the Profit Formula for This

question 10

Essay

Find the constraint inequalities and the profit formula for this linear programming mixture problem: Toni has a small business producing dried floral wreaths and table arrangements. Each wreath takes seven hours to produce, uses 12 stems of flowers, and earns a profit of $23. Each table arrangement takes five hours to produce, uses 20 stems of flowers, and earns a profit of $26. Toni can work no more than 30 hours per week and has a steady supply of 100 stems of dried flowers per week. How should Toni schedule production to optimize profit?

---

Definitions:

Foreign Exchange Market

A global marketplace for exchanging national currencies against one another, fundamental for international trade and investment.

Relative PPP

Stands for Relative Purchasing Power Parity, a theory that suggests that in the long term, exchange rates should adjust so that similar goods cost the same in different countries.

UIP

Uncovered Interest Parity, a financial theory stating that the difference in interest rates between two countries will equal the expected change in exchange rates between their currencies.

Spot Exchange Rate

The current exchange rate at which currencies can be exchanged for immediate delivery, reflecting the market's immediate valuation.