A furniture company has signed a deal with a furniture retailer. The owner of the manufacturing company has to determine his maximum profit given the constraint he has on labor hours. The parameters are as follows: x1 = demand for chairs and x2 = demand for desks; profit for 1 chair = 10 – 0.1×1; profit for 1 desk = 14 – 0.2×2; max labor hours = 200; labor for 1 chair = 1 hour; labor for 1 desk = 3 hours.
Based on Exhibit 10.4 and using Excel Solver, determine the demand for chairs and desks to maximize the profit while respecting the labor constraint.
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