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PROBLEM 1: Woodco manufactures tables and chairs. Each table and chair must be made entirely out of oak or entirely out of pine. A total of 150 board feet of oak and 210 board feet of pine are available. A table requires either 17 board feet of oak or 30 board feet of pine, and a chair requires either 5 board feet of oak or 13 board feet of pine. Each table can be sold for $40, and each chair for $15. Determine how Woodco can maximize its revenue.

Woodco manufacturing

Unit selling price Usage of wood Oak Pine Produced Total revenue

Oak tables Pine tables Oak chairs Pine chairs $40 $40 $15 $15

Oak tables Pine tables Oak chairs Pine chairs 17 5 30 13 0 $730 7 30 0

Used 150 210

<= <=

Available 150 210

Problem 2.12