ABC Pharmaceutical Company is planning to produce exactly 40 kilograms of a mixture of new low-price generic multivitamin in which the basic ingredients, Ascorbic Acid and Thiamine, cost P 8.00 per kilo and P 15.00 per kilo, respectively. The present inventory of the company’s raw materials shows that they only have 12 kilos of Ascorbic Acid. The inventory level of the slow-moving Thiamine is more than sufficient so they want to dispose at least 10 kilos of it. Is the problem a maximization or a minimization one?
ABC Pharmaceutical Company is planning to produce exactly 40 kilograms of a mixture of new low-price generic multivitamin in which the basic ingredients, Ascorbic Acid and Thiamine, cost P 8.00 per kilo and P 15.00 per kilo, respectively. The present inventory of the company’s raw materials shows that they only have 12 kilos of Ascorbic Acid. The inventory level of the slow-moving Thiamine is more than sufficient so they want to dispose at least 10 kilos of it. Is the problem a maximization or a minimization one?
Chapter1: Financial Statements And Business Decisions
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ABC Pharmaceutical Company is planning to produce exactly 40 kilograms of a mixture of new low-price generic multivitamin in which the basic ingredients, Ascorbic Acid and Thiamine, cost P 8.00 per kilo and P 15.00 per kilo, respectively. The present inventory of the company’s raw materials shows that they only have 12 kilos of Ascorbic Acid. The inventory level of the slow-moving Thiamine is more than sufficient so they want to dispose at least 10 kilos of it.
Is the problem a maximization or a minimization one?
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