Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Many vitamin C products are made from ascorbic acid, which can be derived from corn. A small dietary supplement company makes two types of vitamin

Many vitamin C products are made from ascorbic acid, which can be derived from corn. A small dietary supplement company makes two types of vitamin C supplements: capsules and chewable tablets. To produce 1 kilogram of vitamin C capsules, 30 kilograms of corn, 2.3 hours of manufacturing time, and 2 hours of packaging time are required. To produce 1 kilogram of vitamin C tablets, 40 kilograms of corn, 4.2 hours of manufacturing time, and 1 hour of packaging time are required. Each week, the company receives 2,000 kilograms of corn from its suppliers and allocates 180 hours of equipment time for manufacturing and 110 hours of packaging equipment time for vitamin C supplements. One kilogram of vitamin C capsules generates a profit of $9.50, and one kilogram of chewable tablets generates a profit of $12. Formulate and solve an LP model to maximize the profit contribution from the two vitamin C products. How many kilograms of vitamin C capsules and tablets should the company produce each week? What is the maximum profit the company can make? Note: Round your answers to 2 decimal places

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Financial Accounting

Authors: Libby, Short

6th Edition

978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881

More Books

Students also viewed these Accounting questions

Question

What influences peoples choice of values?

Answered: 1 week ago