Macro farms Ltd can purchase two types of fertilizer which contain the following percentage                                        Nitrate        Phosphate       Potash                 Type X              18                    5                      2                  Type Y               3                   2                       5 For certain type of crop, the following minimum quantities (kg) are required                                       Nitrate         Phosphate      Potash                                         100                 50                  40               Type X cost GHS10 per kg and type Y cost GHS5 per kg. The company currently buys 1,000 kg of each type and wishes to minimize it expenditure on fertilizers. Required 1. What is the minimum expenditure that can be incurred on fertilizer?   2. Find the savings the company can make by switching from it current policy to your recommendation.

Principles of Heat Transfer (Activate Learning with these NEW titles from Engineering!)
8th Edition
ISBN:9781305387102
Author:Kreith, Frank; Manglik, Raj M.
Publisher:Kreith, Frank; Manglik, Raj M.
Chapter1: Basic Modes Of Heat Transfer
Section: Chapter Questions
Problem 1.2DP
icon
Related questions
Question

Macro farms Ltd can purchase two types of fertilizer which contain the following percentage

                                       Nitrate        Phosphate       Potash

                Type X              18                    5                      2

                 Type Y               3                   2                       5


For certain type of crop, the following minimum quantities (kg) are required
                                      Nitrate         Phosphate      Potash

                                        100                 50                  40              

Type X cost GHS10 per kg and type Y cost GHS5 per kg. The company currently buys 1,000 kg of each type and wishes to minimize it expenditure on fertilizers.
Required


1. What is the minimum expenditure that can be incurred on fertilizer?

 
2. Find the savings the company can make by switching from it current policy to your recommendation.

Expert Solution
steps

Step by step

Solved in 4 steps with 6 images

Blurred answer
Knowledge Booster
Convection
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, mechanical-engineering and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Heat Transfer (Activate Learning wi…
Principles of Heat Transfer (Activate Learning wi…
Mechanical Engineering
ISBN:
9781305387102
Author:
Kreith, Frank; Manglik, Raj M.
Publisher:
Cengage Learning