Finite Mathematics (11th Edition)
11th Edition
ISBN: 9780321979438
Author: Margaret L. Lial, Raymond N. Greenwell, Nathan P. Ritchey
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Videos
Textbook Question
Chapter 3.3, Problem 16E
Revenue The manufacturing process requires that oil refineries must manufacture at least 2 gal of gasoline for every gallon of fuel oil. To meet the winter demand for fuel oil, at least 3 million gal a day must be produced. The demand for gasoline is no more than 6.4 million gal per day. It takes 15 minutes to ship each million gal of gasoline and 1 hour lo ship each million gal of fuel oil out of the warehouse. No more than 4 hours and 39 minutes are available for shipping.
(a) If the refinery sells gasoline for $2.50 per gal and fuel oil for $2 per gal how much of each should be produced to maximize revenue?
(b) Find the maximum revenue.
(c) Suppose the price for fuel oil begins to increase. Beyond what amount would this price have to increase before a different amount of gasoline and fuel oil should be produced to maximize revenue?
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Chapter 3 Solutions
Finite Mathematics (11th Edition)
Ch. 3.1 - Graph each linear inequality. x + y 2Ch. 3.1 - Graph each linear inequality. y x + 1Ch. 3.1 - Graph each linear inequality. x 2 yCh. 3.1 - Graph each linear inequality. y x 3Ch. 3.1 - Graph each linear inequality. 4x y 6Ch. 3.1 - Graph each linear inequality. 4y + x 6Ch. 3.1 - Graph each linear inequality. 7. 4x + y 8Ch. 3.1 - Graph each linear inequality. 2x y 2Ch. 3.1 - Graph each linear inequality. x + 3y 2Ch. 3.1 - Graph each linear inequality. 2x + 3y 6
Ch. 3.1 - Graph each linear inequality. x 3yCh. 3.1 - Graph each linear inequality. 2x yCh. 3.1 - Graph each linear inequality. x + y 0Ch. 3.1 - Graph each linear inequality. 3x + 2y 0Ch. 3.1 - Graph each linear inequality. y xCh. 3.1 - Graph each linear inequality. y 5xCh. 3.1 - Graph each linear inequality. x 4Ch. 3.1 - Graph each linear inequality. y 5Ch. 3.1 - Graph each linear inequality. y 2Ch. 3.1 - Graph each linear inequality. x 4Ch. 3.1 - Graph the feasible region for each system of...Ch. 3.1 - Graph the feasible region for each system of...Ch. 3.1 - Graph the feasible region for each system of...Ch. 3.1 - Graph the feasible region for each system of...Ch. 3.1 - Graph the feasible region for each system of...Ch. 3.1 - Graph the feasible region for each system of...Ch. 3.1 - Graph the feasible region for each system of...Ch. 3.1 - Graph the feasible region for each system of...Ch. 3.1 - Graph the feasible region for each system of...Ch. 3.1 - Graph the feasible region for each system of...Ch. 3.1 - Graph the feasible region for each system of...Ch. 3.1 - Graph the feasible region for each system of...Ch. 3.1 - Graph the feasible region for each system of...Ch. 3.1 - Graph the feasible region for each system of...Ch. 3.1 - Prob. 35ECh. 3.1 - Prob. 36ECh. 3.1 - Prob. 37ECh. 3.1 - Prob. 38ECh. 3.1 - The regions A through G in the figure can be...Ch. 3.1 - Production Scheduling A small pottery shop makes...Ch. 3.1 - Time Management Carmella and Walt produce handmade...Ch. 3.1 - Prob. 42ECh. 3.1 - Prob. 43ECh. 3.1 - Prob. 44ECh. 3.1 - For Exercises 42-47, perform the following steps....Ch. 3.1 - Prob. 46ECh. 3.1 - Prob. 47ECh. 3.2 - The following graphs show regions of feasible...Ch. 3.2 - The following graphs show regions of feasible...Ch. 3.2 - The following graphs show regions of feasible...Ch. 3.2 - The following graphs show regions of feasible...Ch. 3.2 - The following graphs show regions of feasible...Ch. 3.2 - Prob. 6ECh. 3.2 - Prob. 7ECh. 3.2 - Use graphical methods to solve each linear...Ch. 3.2 - Prob. 9ECh. 3.2 - Use graphical methods to solve each linear...Ch. 3.2 - Prob. 11ECh. 3.2 - Prob. 12ECh. 3.2 - Prob. 13ECh. 3.2 - Prob. 14ECh. 3.2 - Prob. 15ECh. 3.2 - Use graphical methods to solve each linear...Ch. 3.2 - Use graphical methods to solve each linear...Ch. 3.3 - Write Exercises 16 as linear inequalities....Ch. 3.3 - Prob. 2ECh. 3.3 - Prob. 3ECh. 3.3 - Prob. 4ECh. 3.3 - Prob. 5ECh. 3.3 - Prob. 6ECh. 3.3 - Transportation The Miers Company produces small...Ch. 3.3 - Transportation A manufacturer of refrigerators...Ch. 3.3 - Finance A pension fund manager decides to invest a...Ch. 3.3 - Profit A small country can grow only two crops for...Ch. 3.3 - Prob. 11ECh. 3.3 - Revenue A candy company has 150 kg of...Ch. 3.3 - Blending The Mostpure Milk Company gets milk from...Ch. 3.3 - Profit The Muro Manufacturing Company makes two...Ch. 3.3 - Prob. 15ECh. 3.3 - Revenue The manufacturing process requires that...Ch. 3.3 - Prob. 17ECh. 3.3 - Manufacturing (Note: Exercises #x2013;20 are from...Ch. 3.3 - Prob. 19ECh. 3.3 - Prob. 20ECh. 3.3 - Life Sciences Health Care David Willis takes...Ch. 3.3 - Prob. 22ECh. 3.3 - Nutrition A dietician is planning a snack package...Ch. 3.3 - Prob. 24ECh. 3.3 - Anthropology An anthropology article presents a...Ch. 3.3 - Prob. 26ECh. 3.3 - Prob. 27ECh. 3 - Use sensitivity analysis to find the optimal...Ch. 3 - Prob. 2EACh. 3 - Prob. 3EACh. 3 - Prob. 4EACh. 3 - Prob. 5EACh. 3 - Prob. 1RECh. 3 - Prob. 2RECh. 3 - Prob. 3RECh. 3 - Prob. 4RECh. 3 - Prob. 5RECh. 3 - Prob. 6RECh. 3 - Prob. 7RECh. 3 - Prob. 8RECh. 3 - Prob. 9RECh. 3 - Prob. 10RECh. 3 - Prob. 11RECh. 3 - Prob. 12RECh. 3 - Prob. 13RECh. 3 - How many constraints are we limited to in the...Ch. 3 - Prob. 15RECh. 3 - Prob. 16RECh. 3 - Prob. 17RECh. 3 - Prob. 18RECh. 3 - Prob. 19RECh. 3 - Prob. 20RECh. 3 - Prob. 21RECh. 3 - Prob. 22RECh. 3 - Prob. 23RECh. 3 - Prob. 24RECh. 3 - Prob. 25RECh. 3 - Prob. 26RECh. 3 - Prob. 27RECh. 3 - Use the given regions to find the maximum and...Ch. 3 - Prob. 29RECh. 3 - Prob. 30RECh. 3 - Prob. 31RECh. 3 - Prob. 32RECh. 3 - Prob. 33RECh. 3 - Prob. 34RECh. 3 - Prob. 35RECh. 3 - Prob. 36RECh. 3 - Prob. 37RECh. 3 - Cost Analysis DeMarco's pizza shop makes two...Ch. 3 - Prob. 39RECh. 3 - Revenue How many pizzas of each kind should the...Ch. 3 - Prob. 41RECh. 3 - Prob. 42RECh. 3 - Steel A steel company produces two types of...Ch. 3 - Prob. 44RECh. 3 - Prob. 45RECh. 3 - Prob. 46RE
Additional Math Textbook Solutions
Find more solutions based on key concepts
CHECK POINT I Consider the six jokes about books by Groucho Marx. Bob Blitzer. Steven Wright, HennyYoungman. Je...
Thinking Mathematically (6th Edition)
Use the ideas in drawings a and b to find the solution to Gausss Problem for the sum 1+2+3+...+n. Explain your ...
A Problem Solving Approach to Mathematics for Elementary School Teachers (12th Edition)
Find the most simplified answer for the given problems involving fractions: 526=
Finite Mathematics with Applications In the Management, Natural, and Social Sciences (12th Edition)
Use Gaussian elimination to solve the systems: a.2x3y=25x6y=8b.x+3y=12x+3y=1c.x+y=23x+4y=15
Numerical Analysis
Reading, Writing, and Rounding Whole Numbers Write in words. 357
Mathematics for the Trades: A Guided Approach (10th Edition) - Standalone book
Fill in each blank with the correct response.
1. For any value of x, the point lies on the ____ -axis.
Mathematical Ideas (13th Edition) - Standalone book
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Recommended textbooks for you
Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:Cengage
College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:9781133382119
Author:Swokowski
Publisher:Cengage
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Solve ANY Optimization Problem in 5 Steps w/ Examples. What are they and How do you solve them?; Author: Ace Tutors;https://www.youtube.com/watch?v=BfOSKc_sncg;License: Standard YouTube License, CC-BY
Types of solution in LPP|Basic|Multiple solution|Unbounded|Infeasible|GTU|Special case of LP problem; Author: Mechanical Engineering Management;https://www.youtube.com/watch?v=F-D2WICq8Sk;License: Standard YouTube License, CC-BY
Optimization Problems in Calculus; Author: Professor Dave Explains;https://www.youtube.com/watch?v=q1U6AmIa_uQ;License: Standard YouTube License, CC-BY
Introduction to Optimization; Author: Math with Dr. Claire;https://www.youtube.com/watch?v=YLzgYm2tN8E;License: Standard YouTube License, CC-BY