How many necklaces should be stocked

Assignment Help Econometrics

Reference no: EM13200790

The LP problem whose output follows determines how many necklaces, bracelets, rings and earrings a jewelry store should stock. The objective function measures profit, it is assumed that every piece stocked will be sold. constraint 2 measures time to set up the display in minutes. Constraints 3 and 4 are marketing restrictions.
Use the output to answer to the questions below.
A. How many necklaces should be stocked?
E. hOW MUCH SPACE WILL BELEFT UNUSED?
H. What is the profit?
I. You are offered the chance to obtain more. The offer is for 15 units and the total price is 1500. What should you do?

Reference no: EM13200790

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