Question
Abotte Products produces three products, A, B, and C. The company can sell up to 500 pounds of each product at the following prices (per
Abotte Products produces three products, A, B, and C. The company can sell up to 500 pounds of each product at the following prices (per pound): product A, $10; product B, $15; and product C, $25. Abotte purchases raw material at $7 per pound. Each pound of raw material can be used to produce either one pound of A or one pound of B. For a cost of $4 per pound processed, product A can be converted to 0.7 pound of product B and 0.3 pound of product C. For a cost of $5 per pound processed, product B can be converted to 0.9 pound of product C. Determine how Abotte can maximize its profit. If needed, round your answers to whole numbers. If your answer is zero, enter "0".
Abotte Products optimal production schedule (pounds):
Product A | Product B | |||
Pounds of raw material to process | ||||
Pounds reprocessed |
Abotte Products profit: $
Step by Step Solution
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Step: 1
To determine how Abotte Products can maximize its profit we need to model the problem using linear programming LP Here is a complete and detailed solu...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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