Question
C-town brewery brews two beers: Expansion Draft and Burning River. Expansion draft sells for $13 per barrel while Burning River sells for $7 per barrel.
C-town brewery brews two beers: Expansion Draft and Burning River. Expansion draft sells for $13 per barrel while Burning River sells for $7 per barrel. Producing a barrel of Expansion Draft takes 8 pounds of corn and 5 pounds of hops. Producing a barrel of Burning River requires 3 pounds of corn, 13 pounds of rice, and 5 pounds of hops. The brewery has 770 pounds of corn, 490 pounds of rice, and 370 pounds of hops. Assuming a linear relationship, use the Excel Solver to determine the optimal mix of Expansion Draft and Burning River that maximizes C-town's revenue. (Leave no cells blank - be certain to enter "0" wherever required. Round your answers to 2 decimal places.)
\begin{tabular}{|l|l|} \hline & \\ \hline Decision for expansion draft & \\ \hline Decision for burning river & \\ \hline Total sales & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline & \begin{tabular}{c} Resources \\ Used \end{tabular} \\ \hline Corn & \\ \hline Rice & \\ \hline Hops & \\ \hline \end{tabular}
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started