Combination of items producing the maximum profit

Reference no: EM13100370

A company is planning to purchase and store two items, gadgets and widgets. Each gadget costs $2.00 and occupies 2 square meters of floor space; each widget costs $3.00 and occupies 1 square meter of floor space. $1,200 is available for purchasing these items and 800 square meters of floor space is available to store them. Each gadget contributes $3.00 to profit and each widget contributes $2.00 to profit.

a) Write out the objective profit function.

b) Write out the constraints this company faces.

c) List all corner points and determine which combination of items will produce the maximum profit.

Reference no: EM13100370

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