A small firm manufactures necklace and bracelets. The total number of necklace and bracelet that it can handle per day is at most 24. It takes 1 hour to make a bracelet and half an hour to make a necklace. The maximum number of hours available per day is 16 . If the profit on a necklace is \pm 100 and that on a bracelet is \pm 300, how many of each should be produced daily to maximize the profit? It is being given that at least one of each must be produced.
A small firm manufactures necklace and bracelets. The total number of necklace and bracelet that it can handle per day is at most 24. It takes 1 hour to make a bracelet and half an hour to make a necklace. The maximum number of hours available per day is 16 . If the profit on a necklace is \pm 100 and that on a bracelet is \pm 300, how many of each should be produced daily to maximize the profit? It is being given that at least one of each must be produced.

Let the firm manufacture x number of necklaces and y number of bracelets a day.
\therefore According to the question,
x+y \leq 24,0.5 x+y \leq 16 x \geq 1, y \geq 1
Maximize Z=100 x+300 y
The feasible region determined by x+y \leq 24,0.5 x+y \leq 16, x \geq 1, y \geq 1 is given by

The corner points of the feasible region are A(1,1), B(1,15.5), C(16,8), D(23,1). The number of bracelets should be whole number. Therefore, considering point (2,15) . The value of Z at corner point is

The maximum value of Z is 4700 at point B(2,15).
\therefore The firm should make 2 necklaces and 15 bracelets.