Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An aviation fuel manufacturer sells two types of fuel A and B. Type A fuel is 25 % grade 1 gasoline, 25 % of grade

An aviation fuel manufacturer sells two types of fuel A and B. Type A fuel is 25 % grade 1 gasoline, 25 % of grade 2 gasoline, and 50 % of grade 3 gasoline. Type B fuel is 50 % of grade 2 gasoline and 50 % of grade 3 gasoline. Available for production is 500 liters per hour in grade 1 and 200 liters per hour for grade 2 and grade 3 each. Costs are 60 paise per liter for grade 1, 120 paise for grade 2 and100 paise for grade 3. Type A can be sold at Rs. 7.50 per liter and B can be sold at Rs. 9.00 per liter. How much of each fuel should be made and sold to maximize the profit.

Step by Step Solution

3.25 Rating (146 Votes )

There are 3 Steps involved in it

Step: 1

Instructions We ned to maximize the profit Selling price is given per liter while co... 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

Probability and Random Processes With Applications to Signal Processing and Communications

Authors: Scott Miller, Donald Childers

2nd edition

123869811, 978-0121726515, 121726517, 978-0130200716, 978-0123869814

More Books

Students also viewed these Accounting questions