Pls solve this question correctly in 5 min i will give u like Question # 2 A company produces two products, A and B. The sales volume for product A is at least 40% of the total sales of the two products. Both products use the same raw material, of which the daily availability is limited to 200 kg. Products A and B use this raw material at the rates of 5 kg/unit and 2 kg/unit, respectively. The sales prices for the two products are $50 and $20 per unit. Determine the following: a)Optimum volume of each product to be produced? b)What impact does the production mix have, in case the sales price of Product B decreases by 50%?
Pls solve this question correctly in 5 min i will give u like Question # 2 A company produces two products, A and B. The sales volume for product A is at least 40% of the total sales of the two products. Both products use the same raw material, of which the daily availability is limited to 200 kg. Products A and B use this raw material at the rates of 5 kg/unit and 2 kg/unit, respectively. The sales prices for the two products are $50 and $20 per unit. Determine the following: a)Optimum volume of each product to be produced? b)What impact does the production mix have, in case the sales price of Product B decreases by 50%?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter7: Nonlinear Optimization Models
Section: Chapter Questions
Problem 56P
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Pls solve this question correctly in 5 min i will give u like
Question # 2
A company produces two products, A and B. The sales volume for product A is at least 40% of the total sales of the two products. Both products use the same raw material, of which the daily availability is limited to 200 kg. Products A and B use this raw material at the rates of 5 kg/unit and 2 kg/unit, respectively. The sales prices for the two products are $50 and $20 per unit. Determine the following: a)Optimum volume of each product to be produced? b)What impact does the production mix have, in case the sales price of Product B decreases by 50%?
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