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A manufacturer of executive jet aircraft is concerned with its profit picture over the short run. It produces two different models of planes, x1 and x2. Its profits are $30,000 for each x1 and $20,000 for each x2. There are two major constraints on production:

Labor 4 x1 + 2 x2 ≤ 17 weeks
Materials 5x1 + 4x2 ≤ 21 tons
x1, x2 ≥ 0 and integer

Also, assume that no more than 4 x2's can be produced due to a prior union agreement.

Solve this problem using Excel.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9371088

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