Problem 70
Question
After Hurricane Charley devastated central Florida unexpectedly, Orlando residents prepared for Hurricane Frances by boarding up windows and filling up their cars with gas. It took 5 hours of standing in line to get plywood, and lines for gas were just as time-consuming. A student at Seminole Community College decided to do a spoof of the "Got Milk" ads and created two T-shirts: "Got Plywood" showing a line of people in a home improvement store, and "Got Gas" showing a street lined with cars waiting to pump gasoline. The "Got Plywood" shirts cost \(\$ 8\) to make, and she sold them for \(\$ 13 .\) The "Got Gas" shirts cost \(\$ 6\) to make, and she sold them for \(\$ 10 .\) She decided to limit her costs to \(\$ 1,400 .\) She estimated that demand for these T-shirts would not exceed 200 T-shirts. Find the number of each type of T-shirt she should have made to yield maximum profit.
Step-by-Step Solution
VerifiedKey Concepts
Profit Maximization
To find the maximum profit, calculate the profit from each T-shirt style using their selling and production costs. The profit per 'Got Plywood' T-shirt is calculated as:
- Profit per 'Got Plywood': \(13 - 8 = 5 \) per shirt
- Profit per 'Got Gas': \(10 - 6 = 4 \) per shirt
Understanding and solving for profit maximization requires knowledge of the constraints that limit production choices, which in turn guides businesses to optimum decisions.
Constraints
First, the budget constraint limits the production cost to $1,400, expressed by the inequality:
- \( 8x + 6y \leq 1,400 \)
The second constraint is on the total number of T-shirts, which cannot exceed 200. This is represented by:
- \( x + y \leq 200 \)
- \( x \geq 0 \)
- \( y \geq 0 \)
Feasible Region
To find this region in the problem, plot the constraints on the xy-plane. The budget constraint \( 8x + 6y \leq 1,400 \) and the total shirts constraint \( x + y \leq 200 \) are boundaries of this region.
Transform the equations to solve for \( y \):
- \( y \leq \frac{1400 - 8x}{6} \)
- \( y \leq 200 - x \)
Inside the feasible region, select points that could yield the highest profit based on the profit function. Calculated intersections and critical boundary points provide the maximum or optimal solutions.
Inequalities
In this exercise, inequalities set the constraints within which the optimal production plan must fit. They are used to express conditions like budget limits and production capacities:
- \( 8x + 6y \leq 1,400 \) - This implies that the combined cost of producing both T-shirt types must not exceed $1,400.
- \( x + y \leq 200 \) - This shows the production should not go beyond 200 shirts in total.
Getting comfortable with working through inequalities can aid in finding effective solutions to optimize results and assess feasibility.