A firm makes two types of furnitures chairs and tables. The contribution for each product as calculated by the accounting department is rs. 20 per chair and rs. 30 per table. Both product are processed on three machines m1, m2 and m3. The time required in hours by each product and total time available in hours per week on each machine are as follows:
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A firm makes two types of furniture; chairs and tables. The profit of each product as calculated by the accounting department is $20 per chair and $30 per table. Both products are processed on three machines M1,M2 and M3. The time required in hours per week on each machine is as follows.
Machine
Chair
Table
Available time
M1
3
3
36
M2
5
2
50
M3
2
6
60
Calculate how many chairs and tables should the firm produce in order to maximize its profit using simplex method.
Calculate how many chairs and tables should the firm produce in order to maximize its profit using graphic method.
Determine the maximum profit of the firm.
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