Page 241 - P1 Integrated Workbook STUDENT 2018
P. 241

Answers











































                  Example 5




                   Determine the optimal production plan for Irwin and the maximum level
                   of contribution that Irwin can earn.

                   Solution

                   The optimal production point occurs where the testing time constraint meets
                   the constraint on x’s sales (there a number of ways to determine this).

                   This means that x = 300. This value can be entered into the equation for
                   testing time to determine y:

                   = (120 × 300) + 180y = 52,500














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