MLF End Term: 1 September 2024, Set QDF3 (May 2024 term)

A company produces two types of products P1 and P2. The cost price per unit of P1 and P2 are **₹**4 and **₹**3, respectively. The production process requires two types of resources: labor hours and machine hours. Each unit of P1 requires 2 labor hours and 1 machine hour, while each unit of P2 requires 1 labor hour and 3 machine hours. The company has constraints on the availability of labor and machine hours, which are 80 and 90 hours, respectively. Use the above information to answer the given sub-questions.

Choose the correct Primal optimization problem from the following.

A company produces two types of products P1 and P2. The cost price per unit of P1 and P2 are **₹**4 and **₹**3, respectively. The production process requires two types of resources: labor hours and machine hours. Each unit of P1 requires 2 labor hours and 1 machine hour, while each unit of P2 requires 1 labor hour and 3 machine hours. The company has constraints on the availability of labor and machine hours, which are 80 and 90 hours, respectively. Use the above information to answer the given sub-questions.

Find the minimum cost price of the products.