(Answered) The pinewood furniture company produces chairs and tables

Finance

The Pinewood Furniture Company produces chairs and tables from two resources - labor and wood. The companyr has 80 hours of labor and 30 board-ft. of wood available each day. Demand for chairs is limited to 6 per day. Each chair requires 0 hours of labor and 2 board-
it. of wood. whereas a table requires 10 hours oi labor and ? board-ft. of wood. The profit derived from each chair is $400 and from each table. $100. The company wants to determine the number of chairs and tables to produce each day.r in order to maximize proiit. Formulate a linear programming model for this problem.

a. Formulate a linear programming model for this problem.

b. Solve the model by using graphical analysis.

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