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Answer :
Final answer:
The optimal combination of Rockers and Swivel chairs to be produced by Oaken Treasures depends on balancing product output with available machine hours, similar to firms choosing a production technology to achieve maximum income with minimal total cost. However, without specific data on production times and profit per chair type, a definitive answer cannot be provided.
Explanation:
The subject in question pertains to the mathematical field of optimization where the aim is to determine the most profitable combination of Rockers and Swivel chairs that can be produced given the constraints on machine hours. Although the specific time required on machine A and B to produce one chair of each type is not provided, the process of calculating the combination would involve setting up a system of linear inequalities to represent the constraints, and then finding the combination of Rockers and Swivels that maximizes profit while adhering to these constraints.
This process is akin to the concept of utility maximization in economics. However, without specific production times and profit per chair type, it's impossible to provide a definite answer among the options A) 8 Rockers and 15 Swivel chairs B) 15 Rockers and 8 Swivel chairs C) 10 Rockers and 10 Swivel chairs D) 12 Rockers and 9 Swivel chairs.
It should be noted that the ideal choice would need to balance maximizing product output with machine hours, in a similar way to how firms choose a production technology to maximize income while minimizing total cost.
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