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Answer :
Final answer:
To solve the problem, form a Linear Programming model. Define X as the number of basketballs and Y as the number of footballs. Maximize the profit equation: Maximize Z = 12X + 16Y. Add constraints based on the availability of resources which are created by the usage of each ball: 3X + 2Y <= 500 (Rubber) and 4X + 5Y <= 800 (Leather). Further ensure non-negative productions: X>= 0, Y >= 0. Then, graphically represent and solve for the maximum profit.
Explanation:
The subject here is based on Linear Programming, a mathematical approach typically used in Business or Economics to aid decision-making and resource allocation. To create a Linear Programming model for SSG Company's situation, we need to establish the variables, the objective function, and the constraints.
Let's define:
- X = number of basketballs
- Y = number of footballs
Then, the profit maximization equation (objective function) would be: Maximize Z = 12X + 16Y.
With the given company resources, our constraints are the maximum available resources they can use for production:
- 3X + 2Y <= 500 (Rubber)
- 4X + 5Y <= 800 (Leather)
And of course, the number of basketballs and footballs manufactured cannot be negative, we stack further constraints as X >= 0, Y >= 0.
From there, you will go through the process of graphical representation, identifying feasible regions, and then using the corner point method or the iso-profit method to find the profit-maximizing output level.
Learn more about Linear Programming here:
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