Computation of quantity to obtain required profit per process.
The Haberdashery has a budget of $800 dollars for raw materials and has at most 200 hours of machine time available a week. I take half an hour of machine time to produce a silk scarf and one hour to produce a wool tie. The raw materials cost $5 for a scarf and $2 for a wool tie. How many ties and scarfs should the firm make to maximize its profit if they obtain $$3?
Profit for a tie and $2 profit for a scarf?