The Outdoor Furniture Corporation Manufactures Two Products, Benches And Picnic Tables
The Outdoor Furniture Corporation manufactures two products, benches and picnic tables, for use in yards and parks. The firm has two main resources: its carpenters (labor force) and a supply of redwood for use in the furniture. During the next production cycle, 2,100 hours of labor are available under a union agreement. The firm also has a stock of 3,000 feet of good- quality redwood. Each bench that Outdoor Furniture produces requires 12 labor hours and 6 feet of redwood; each picnic table takes 6 labor hours and 25 feet of redwood. Completed benches will yield a profit of $28 each, and tables will result in a profit of $44 each. How many benches and tables should Outdoor Furniture produce to obtain the largest possible profit? Use the graphical method to solve the problem.
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Rating:
5/