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Suppose our drug company can purchase up to 500 hours of labor at $1 more per hour than its current labor costs. Calculate the new

Suppose our drug company can purchase up to 500 hours of labor at $1 more per hour than its current labor costs. Calculate the new maximum profit.


Change cell: Pounds to be made

0

0

0

596.6667

1084

0

Product

1

2

3

4

5

6

Labor: Hours needed to produce 1 lb

6

5

4

3

2.5

1.5

Pounds of Raw Material Needed

3.2

2.6

1.5

0.8

0.7

0.3

Unit price (Price per pound)

$ 12.50

$ 11.00

$ 9.00

$ 7.00

$ 6.00

$ 3.00

Variable unit cost (Cost per pound)

$ 6.50

$ 5.70

$ 3.60

$ 2.80

$ 2.20

$ 1.20

Limit to the number of pounds to be made

960

928

1041

977

1084

1055

Profit Contribution per pound

$ 6.00

$ 5.30

$ 5.40

$ 4.20

$ 3.80

$ 1.80








OBJECTIVE FUNCTION







Profit

$ 6,625.20













CONSTRAINTS



Available




Labor Used

4500

<=

4500




Raw Material Used

1236.13333

<=

1600




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