Reference no: EM132293699

A furniture company manufactures tables and chairs. A table requires 45 board-feet of wood, and a chair requires 20 board-feet of wood. Wood can be purchased at a cost of $1.90 per board-foot, and 25,000 board-feet of wood are available for purchase. It takes 2.5 hours of skill labor to manufacture and unfinished table or an unfinished chair. Then 3 more hours of skill labor will turn and unfinished table into a finished table, and 1.5 more hour of skill labor will turn an unfinished chair into a finished chair. A total of 4,500 hours of skill labor is available (and have already been paid for). All furniture produced can be solved at the following unit prices: and unfinished table, $180; a finished table, $330; an unfinished chair, $130; and a finished chair, $200

a. Determine how to maximize the company's profit from manufacturing tables and chairs.

b. Use a two-way SolverTable to see how the number of unfinished products (both chairs and tables) sold depend on the selling prices of these unfinished products. Of course, neither unfinished selling price should be as large as the corresponding finished selling price.

I need help with identify ONLY the followings: Decision variable, Objective functions, and constraints.