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The Tycron Company produces three electrical products-clocks, radios, and toasters. These products have the following resource requirements: Resource Requirements Product Cost/Unit Labor Hours/Unit Clock $ 7 2 Radio 10 3 Toaster 5 2 The manufacturer has a daily production budget of $2000 and a maximum of 660 hours of labor. Maximum daily customer demand is for 200 clocks, 300 radios, and 150 toasters. Clocks sell for $15, radios, for $20, and toasters, for $12. The company desires to know the optimal product mix that will maximize profit. Formulate and solve a linear programming model for this problem.
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LINEAR PROGRAMMING MODELS
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