Question
Owlsley's Smoothies sells two types of smoothies: StrawberryBanana& Blueberry Medley. Owlsely's Smoothies makes $3 Profit on each StrawberryBanana smoothie & $5 Profit on each Blueberry
Owlsley's Smoothies sells two types of smoothies: StrawberryBanana& Blueberry Medley. Owlsely's Smoothies makes $3 Profit on eachStrawberryBananasmoothie & $5 Profit on each Blueberry Medley smoothie.
Owlsley's Smoothies would love to sell an unlimited amount of smoothies but unfortunately it is limited by two production constraints: Prep Time and Blend Time.
Each Strawberry Banana smoothierequires4 minutes of Prep Time, each Blueberry Medley smoothie requires 3 minutes of Prep time, and there is only 1200 minutes of Prep Time available.Each Strawberry Banana smoothierequires4 minutes of Blend Time, each Blueberry Medley smoothie requires 8 minutes of Blend Time, and there is only 2400 minutes of Blend Time available.
Based onthe profit contributions & constraints given in the information above, what is Owlsley's Smoothies expected profit if it produces at the optimal amount?
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An Introduction to the Mathematics of financial Derivatives
Authors: Salih N. Neftci
2nd Edition
978-0125153928, 9780080478647, 125153929, 978-0123846822
