Math Problem Statement
A linear programming model has been formulated for two products, X and Y. The objective function is depicted by the formula C = 5X + 6Y, where C = contribution, X = the number of product X to be produced and Y = the number of product Y to be produced. Each unit of X uses 3kg of material Z and each unit of Y uses 3 kg of material 2. The standard cost of material Z is $2 per kg. The shadow price for material Z has been worked out and found to be $2.80 per kg. If an extra 20 kg of material Z becomes available at $2 per kg, what will the maximum increase in contribution be?
Solution
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Math Problem Analysis
Mathematical Concepts
Linear Programming
Shadow Prices
Optimization
Formulas
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Theorems
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Suitable Grade Level
Advanced College Level
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