Final answer:
To determine the optimal production schedule to maximize profits, we need to create a linear programming model using the simplex method.
Step-by-step explanation:
To determine the optimal production schedule to maximize profits, we need to create a linear programming model using the simplex method. Let's define our decision variables as follows:
- x = number of large basketballs to produce
- y = number of footballs to produce
Our objective is to maximize the profit, so our objective function can be written as:
Z = 2.5x + 2y
We have the following constraints:
- 4x + 3y ≤ 43.5 (foam constraint)
- 20x + 30y ≤ 110 (labor constraint)
- x, y ≥ 0 (non-negativity constraint)
To solve this linear programming problem with the simplex method, we will use a software or calculator that supports linear programming.