The profit function for two types of iPod is :
Profit = -5 x2^1 + 38X1 – 5X2^2 +44X2 +520
where x1 andx2 represent number of units of production ofbasic and advanced iPods, respectively.
Production time required for thebasic iPod is 6 hours per unit, and production time required forthe advanced iPod is 8 hours per unit. Currently, 50 hours areavailable. The cost of hours is already factored into the profitfunction. Formulate an optimization problem that can be used tofind the optimal production quantity of basic and advanced iPods.Implement
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