Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A manufacturing company produces only two types of Biscuits X and Y. The two types of biscuits requires Milk and Honey only. To manufacture each

A manufacturing company produces only two types of Biscuits X and Y. The two types of biscuits requires Milk and Honey only. To manufacture each unit of X and Y, the following quantities are required: Each unit of X requires 1 unit of Milk and 3 units of Honey Each unit of Y requires 1 unit of Milk and 2 units of Honey The company kitchen has a total of 5 units of Milk and 12 units of Honey. On each sale, the company makes a profit of; Ghs1000 per unit of X sold Ghs1500 per unit of Y sold. How many units of X and Y should it produce in order to maximize profit?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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_2

Step: 3

blur-text-image_step3

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

The Structural Foundations Of Monetary Policy

Authors: Michael D. Bordo, John H. Cochrane, Amit Seru

1st Edition

ISBN: 0817921346, 978-0817921347

More Books

Students also viewed these Finance questions