For the following problem, provide an objective in words, data definition, variable definition, andalgebraic formulation (using summation notation when possible). You do not need to implementand solve.Submit your solution as an attached file. You may type up your work using Microsoft Word.A beverage can manufacturer makes three sizes of soft drink cans-Small, Medium and Large. Production islimited by machine availability, with a combined maximum of 90 production hours per day, and the daily supplyof metal, no more than 120 kg per day. The following table provides the details of the input needed tomanufacture one batch of 100 cans for each size.SmallIediumLargeМахimumMetal (kg)/batch120Machine4.0|4.24.490Time(hr)/batchProfit/batch$42$45$50

Given data is Profit by small size soft drink = $42 Profit by medium-size soft drink = $45 Profit by…

Answered: For the following problem, provide an…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter7: Nonlinear Optimization Models

Section: Chapter Questions

Problem 49P: If a monopolist produces q units, she can charge 400 4q dollars per unit. The variable cost is 60...

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