Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company manufacures three products: X, Y, and Z. Each product requires wood, plastic and aluminum as shown in the following table: X Y

A company manufacures three products: X, Y, and Z. Each product requires wood, plastic and aluminum as shown in the following table: X Y Z 1 unit 1 unit 1 unit Wood Plastic 1 unit 1 unit 2 units Aluminum 2 units 3 units 5 units The company has available 400 units of wood, 500 units of plastic, and 1450 units of aluminum. X, Y, and Z sells for $21, $24, and $36, respectively. Assuming all the products can be sold, determine a production order so that the total revenue will be maximum. What is the maximum revenue?

Step by Step Solution

3.36 Rating (152 Votes )

There are 3 Steps involved in it

Step: 1

To maximize the revenue we need to find the production order that will ma... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Core Concepts of Accounting

Authors: Cecily A. Raiborn

2nd edition

470499478, 978-0470499474

More Books

Students also viewed these Mathematics questions