Exhibit 3.1 The Following Questions Are Based on This Problem and Accompanying

question 37

Multiple Choice

Exhibit 3.1
The following questions are based on this problem and accompanying Excel windows.
Jones Furniture Company produces beds and desks for college students. The production process requires carpentry and varnishing. Each bed requires 6 hours of carpentry and 4 hour of varnishing. Each desk requires 4 hours of carpentry and 8 hours of varnishing. There are 36 hours of carpentry time and 40 hours of varnishing time available. Beds generate $30 of profit and desks generate $40 of profit. Demand for desks is limited, so at most 8 will be produced. The LP model for the problem is
-Refer to Exhibit 3.1. Which cells should be changing cells in this problem?

• A) B4:C4
• B) E5
• C) D8:D10
• D) E8:E10

---

Definitions:

Excise Tax

A targeted tax levied on the sale of specific goods and services, such as alcohol and tobacco, often used to discourage consumption.

Equilibrium Output

The level of production in a market where the quantity supplied equals the quantity demanded, leading to a state of balance without excess supply or demand.

Migraine Headaches

A type of headache characterized by severe pain, often accompanied by nausea, vomiting, and sensitivity to light and sound.

Recurrent Attacks

Episodes that occur repeatedly over time, often referring to medical conditions such as seizures or migraines.