A furniture Company Manufacturers Desks and Chairs

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A furniture company manufacturers desks and chairs. Each desk uses 4 units of wood and each chair uses 3 units of wood. A desk contributes $400 to profit, and a chair contributes $250. Marketing restrictions require that the the number of chairs produced be at least twice the number of desks produced. There are 2000 units of wood available. Use Solver to maximize the company's profit. Use SolverTable to see what happens to the decision variables and the total profit when the availability of wood varies from 1000 to 3000 in 100-unit increments. Based on your findings, how much would the company be willing to pay for each extra unit of wood over its current 2000 units. How much profit would the company lose if it lost any of its current 2000 units.

 

Manufacturing desks and chairs  
    
Inputs   
 DesksChairs 
Unit margins$400$250 
Wood usage per unit 43 
    
Decisions   
 DesksChairs 
Units produced   
    
Constraint on wood   
 Wood used Wood available
    
    
Constraint on chairs   
 Chairs producedChairs required
    
    
Objective to maximize   
Profit   
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