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The Pinewood Furniture Company produces chairs and tables from two resources – labor and wood. The company has 80 hours of labor and 36 board-ft. of wood available each day. Demand for chairs is limited to 6 per day. Each chair requires 8 hours of labor and 2 board-ft. of wood, whereas a table requires 10 hours of labor and 6 board-ft. of wood. The profit derived from each chair is $350 and from each table, $100.The company wants to determine the number of chairs and tables to produce each day in order to maximize the profit.
a. Formulate a standard form of the linear programming model for this problem
Solve this model by using graphical solution.
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