Question
A food manufacturer is trying to maximize profit by selling wheat-based cereal (C) and wheat bread(B)with raw wheat (W).The production functions are: Cereal:C = 31WC-
A food manufacturer is trying to maximize profit by selling wheat-based cereal (C) and wheat bread(B)with raw wheat (W).The production functions are:
Cereal:C = 31WC- 1.5WC2
Bread:B = 66WB- 2WB2
Constraint:WC+ WB= 9,055
Profit is $1.00 per box of cereal and $0.50 per pack of wheat bread.There are 9,055 units of raw wheat available.
How much wheat should go to the cereal (WC)?Enter as a value.ROUND TO THE NEAREST WHOLE NUMBER.
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Microeconomics Principles, Problems and Policies
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
20th edition
978-0077660819, 77660811, 978-1259450242
