A factory produces two products X and Y. The profit earned by selling X and Y is represented by the objective function Z = 5x + 7y, where x and y are the number of units of X and Y respectively sold. Which of the following statement is correct?
The objective function maximizes the difference of the profit earned from products X and Y.
The objective function measures the total production of products X and Y.
The objective function maximizes the combined profit earned from selling X and Y.
The objective function ensures the company produces more of product X than product Y.
The objective function maximizes the combined profit earned from selling X and Y.
Explanation:
The objective function Z = 5x + 7y represents the overall profit from selling products X and Y, where 5x and 7y denote the profits from products X and Y, respectively.
Hence, the correct statement is that the objective function maximizes the total combined profit from selling both X and Y.
