the manufacturer produces both widgets and gadgets. Widgets generate a profit of $40 each and gadgets have a profit margin of $65 each. To produce each item, a setup cost is incurred. This setup cost is $500 for widgets and $500 for gadgets. Widgets consume 5 units of raw material A and 3 units of raw material B. Gadgets consume 6 units of raw material A and 2 units of raw material B. Each day, the manufacturer has 400 units of each raw material available. Assume that it is possible to produce fractional quantities of widgets and gadgets. Set up the problem in Excel and find the optimal solution. The manufacturer will produce how many widgets? how many gadgets?
the manufacturer produces both widgets and gadgets. Widgets generate a profit of $40 each and gadgets have a profit margin of $65 each. To produce each item, a setup cost is incurred. This setup cost is $500 for widgets and $500 for gadgets. Widgets consume 5 units of raw material A and 3 units of raw material B. Gadgets consume 6 units of raw material A and 2 units of raw material B. Each day, the manufacturer has 400 units of each raw material available. Assume that it is possible to produce fractional quantities of widgets and gadgets. Set up the problem in Excel and find the optimal solution. The manufacturer will produce how many widgets? how many gadgets?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter5: Linear Inequalities
Section5.6: Graphing Ineualities In Two Variables
Problem 29PPS
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the manufacturer produces both widgets and gadgets. Widgets generate a profit of $40 each and gadgets have a profit margin of $65 each. To produce each item, a setup cost is incurred. This setup cost is $500 for widgets and $500 for gadgets. Widgets consume 5 units of raw material A and 3 units of raw material B. Gadgets consume 6 units of raw material A and 2 units of raw material B. Each day, the manufacturer has 400 units of each raw material available. Assume that it is possible to produce fractional quantities of widgets and gadgets.
Set up the problem in Excel and find the optimal solution.
The manufacturer will produce how many widgets? how many gadgets?
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