You must decide how many of each of the following products your company should produce.

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Home>Mathematics homework help>Numerical analysis homework help>You must decide how many of each of the following products your company should produce.

You must decide how many of each of the following products your company should produce. The labor needed to produce product 1 is 4 hours, product 2 requires 9 hours of labor. Product 1 and product 2 both require 1 hour of inspection time before shipping. The company has up to 2000 labor hours for production and 380 hours available for inspection. Product 1 is sold for $140 and product 2 is sold for $280. What is your optimal product mix? How sensitive are your results to the prices of the products?