Howard's Apple Farm makes applesauce and apple juice from their apples. It costs $0.80 to produce a jar of applesauce and S0.60 to produce a bottle of apple juice. The farm has a policy that at least 20% but not more than 60% of its output must be applesauce. The farm wants to meet but not exceed the demand for each product. Howard estimates that the demand for applesauce is normally 5,000 jars, plus an additional 3 jars for each $1 spent on advertising for applesauce. The normal demand for apple juice is estimated to be 4,000 bottles, plus an additional 5 bottles for every $1 spent on advertising for apple juice. The farm has $16,000 to spend on producing and advertising its two products. Applesauce sells for S1.75 per jar; apple juice sells for $1.75 per bottle. Howard wants to know how many units of each product to produce, and how much advertising to spend on each product, in order to maximize profit. Can you help him? Show Transcribed Text Slide 4: key elements of the problem (follow the examples we had in Module 3) Slide 5: key relationships between the key elements (show in formulas how your profitucosts. are ealeutwied be devilied, follow the examples we had in Modtute 3) Stlde 6: influence chart Slide 7: conclusions, discussions, and the next steps of the assignment (2) Hide Transcribed Text Slide 4: key elements of the problem (follow the examples we had in Module 3) Sttde 5: key retationships between the key elements (show in formulas how your profit/costs are calculated--be detailed, follow the examples we had in Module 3) Slide 6: influence chart Slide 7: conclusions, discussions, and the next steps of the assignment