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A small firm manufactures necklaces and bracelets. The total number of necklaces and bracelets that it can handle per day is at most 24. It takes one 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 ` 100 and that on a bracelet is ` 300. Formulate on L.P.P. for finding 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.