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Use excel to solve this. The XYZ Company produces two products. The total revenue achieved from these products is described by the following equation: Total
Use excel to solve this.
The XYZ Company produces two products. The total revenue achieved from these products is described by the following equation: Total revenue =0.2X120.4X22+8X1+12X2+1500 where X1= thousands of units of product 1 X2= thousands of units of product 2 Every 1,000 units of X1 requires 1 hour of time in the shipping department, and every 1,000 units of X2 requires 30 minutes in the shipping department. Each unit of each product requires 2 pounds of a special ingredient, the cost of special ingredient is $1 per 1,000 units. Additionally, each hours of shipping labor costs $1. Demand for X1 and X2 is unlimited. Range X1,X2 between 10 and 15 with 0.1 increment. Use 2-way data table to find the optimal quantities to maximize profitStep by Step Solution
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