Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The Health and Wellness Company blends two organic ingredients (Ingredient 1 and Ingredient 2) to produce two health supplements (not steroids) to sell. Supplement 1
The Health and Wellness Company blends two organic ingredients (Ingredient 1 and Ingredient 2) to produce two health supplements (not steroids) to sell. Supplement 1 must be at least 70% Ingredient 1 , and Supplement 2 must be at least 60% Ingredient 2 . Up to 4,000 ounces of Supplement 1 can be sold at $6 per ounce, and up to 3,000 ounces of Supplement 2 can be sold at $5 per ounce. Up to 4,500 ounces of Ingredient 1 can be purchased at $5 per ounce, and up to 4,000 ounces of Ingredient 2 can be purchased at $4 per ounce. Set up and solve the problem to maximize the total profit for the company. The maximum total profit for the correct solution should be $8,000. Set up and complete a one-way SolverTable. Change the available supply of ingredient 2, varying it from 2,000 to 5,000 in increments of 250 to see the impact on the amount of the two supplements produced and the total profit. Explain the results of the SolverTable in terms of the impact on the three outputs
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