Multiple Choice
Knoxville Manufacturing Company produces X and Y with contribution margins per unit of $10 and $90, respectively. Only 200 labor hours and 400 machine hours are available for production. Time requirements to produce one unit of X and Y are as follows:
What is the objective function to maximize profits for Knoxville Manufacturing Company?
A) Minimize 10X + 90Y
B) Maximize 10X + 90Y
C) Maximize 1X + 2Y
D) Minimize 1X + 2Y
Correct Answer:
Verified
Correct Answer:
Verified
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