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A manufacturer produces both widgets and gadgets. Widgets generate a profit of $ 6 0 each and gadgets have a profit margin of $ 7
A manufacturer produces both widgets and gadgets. Widgets generate a profit of $ each and gadgets have a profit margin of $
each. To produce each item, a setup cost is incurred. This setup cost is $ for widgets and $ for gadgets. Widgets consume
units of raw material A and units of raw material Gadgets consume units of raw material A and units of raw material Each
day, the manufacturer has units of each raw material available. Assume that it is possible to produce fractional quantities of
widgets and gadgets.
Set up the problem in Excel and find the optimal solution.
a The manufacturer
Leave no cells blank be certain to enter wherever required. Round your answers to decimal places.
b The manufacturer will produce
widgets and
gadgets
Round your answer to decimal places.
c The manufacturer's profit will be
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