Question
Argus Company makes threeproducts: A,B, and C. Each unit of A costs$4, each unit of B costs$2, and each unit of C costs$1 to produce.
Argus Company makes threeproducts: A,B, and C. Each unit of A costs$4, each unit of B costs$2, and each unit of C costs$1 to produce. Argus must produce at least 20As, 30Bs, and 40Cs, and cannot produce fewer than 200 total units ofAs, Bs, and Cs combined. Using Excel Solver determine the minimum cost.
The minimum cost is $?
when? (How many units of product A
units of productA,
Units of product B? and
of product C are produced.
NOTE: You only need to show the objective and the constraints for the Show Your Work portion of this question.
1) Define all your variables
2) State your objective function
3) List all your constraints
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