The problem below involves three variables Solve it with the

Last updated: 6/29/2023

The problem below involves three variables Solve it with the simplex method Excel or some other technology A contractor builds three types of houses the Aries the Belfair and the Wexford Each house requires one lot and the following table gives the number of labor hours and the amount of capital needed for each type of house as well as the profit on the sale of each house There are 13 lots 47 800 labor hours and 3 398 400 available for the contractor use Labor hours Capital Profit Aries 3 000 205 000 20 000 Belfair 3 700 279 600 25 000 Wexford 5 000 350 000 30 000 a Building how many of each type of house will maximize his profit Aries houses Belfair houses Wexford houses b What is the maximum possible profit