Q25.
Question
A toy manufacturer is introducing two new dolls, My First Baby and My Real Baby, In one hour, the company can produce 8 First Babies or 20 Real Babies. Because of demand, the company produces at least twice as many First Babies as Real Babies The company spends no more than 48 hours per week making these two dolls. The profit on each First Baby is \(3, and the profit on each Real baby is \)7.50. Find the number and types of dolls that should be produced to maximize profit.
Step-by-Step Solution
VerifiedThe maximize profit is
The profit is obtained when and first babies and real babies dolls are produced.
The maximum and minimum value of the functions are determined by using linear programming technique.
Let us assume that and be the number of first baby dolls and real baby dolls produced by the company respectively.
Profit on first baby doll
Total profit on first baby doll
Profit on real baby doll
Total profit of real baby doll
Maximize profit,
In one hour, the company produces first babies or real babies and because of demand, the company produces at least twice as many first babies as real babies
In one hour, the company produces first babies or real babies and because of demand, the company produces at least twice as many first babies as real babies.
First baby doll produced at hours.
First baby doll produced at hours.
Real baby doll produced at hours.
Real baby doll produced at hours.
So,
Therefore, the inequalities are,
The linear equations of the respective inequalities are,
The points which satisfy the equation are and
The points, which satisfy the equation and .
We choose the point.
The point satisfies the inequality but it does not satisfies the inequality .
So, the graph of the inequalities is,
The common shaded region is and it is unbounded where, and .
The maximization function is
At point ,
At point .