In: Economics
Let,
x = No of 'A' type portable printers
y = No of ‘B' type portable printers
The liner inequalities affording to the given constraints are,
• Cost Constraint [100x + 350y ≤ 600,000]
• Production Constraint [x + y ≤ 2500]
To find the common point of intersection let us write these inequalities as a system of linear equations, these intersection will represent the optimal production amount for these given constraints.
Equation no1: 100x +350y=600,000
Equation no2: x + y = 2500
Now, let's multiply each term in Equation no2 and solve these linear equations by using Elimination method.
________________________________________
' B ' type printers
x + y = 2500 (Equation no 2)
x +
1400
= 2500
x = 2500 - 1400
x =
1100 ‘A'
type printers
Therefore , (x,y) = (1100,1400)
Now, let's find out the optimum profit by substituting in our
optimal values (x,y) into the equation of profit.
Profit = 45x + 35y
Profit = 45(1100) + 35(1400)
Profit = 43,500 + 49,000
Profit = 92,500
Optimal Profit = $92,500