OPTIMIZING PROFIT FOR COLD FORMULAS Beyer Pharmaceutical produces three kinds of cold formulas: I, II, and III. It takes
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Chapter 4 Solutions
EBK FINITE MATHEMATICS FOR THE MANAGERI
- Redo Exercise 5, assuming that the house blend contains 300 grams of Colombian beans, 50 grams of Kenyan beans, and 150 grams of French roast beans and the gourmet blend contains 100 grams of Colombian beans, 350 grams of Kenyan beans, and 50 grams of French roast beans. This time the merchant has on hand 30 kilograms of Colombian beans, 15 kilograms of Kenyan beans, and 15 kilograms of French roast beans. Suppose one bag of the house blend produces a profit of $0.50, one bag of the special blend produces a profit of $1.50, and one bag of the gourmet blend produces a profit of $2.00. How many bags of each type should the merchant prepare if he wants to use up all of the beans and maximize his profit? What is the maximum profit?arrow_forwardIn Example 3, if the accountant earns a profit of 100 on each individual return and a profit of 175 on each business return, find the maximum profit. An accountant prepares tax returns for individuals and for small businesses. On average, each individual return requires 3 hours of her time and 1 hour of computer time. Each business return requires 4 hours of her time and 2 hours of computer time. Because of other business considerations, her time is limited to 240 hours, and the computer time is limited to 100 hours. If she earns a profit of 80 on each individual return and a profit of 150 on each business return, how many returns of each type should she prepare to maximize her profit?arrow_forwardFinancial Planning Mark has $100,000 to invest. His Financial consultant advises him to diversify his investment in three types of bonds: short-term, Intermediate-term, and long-term. The short-term bonds pay 4%, the intermediate term bonds pay 5%, and the long-term bonds pay 6% simple interest per year. Mark wishes to realize a total annual income of 5.1 % with equal amounts invested in short - and intermediate-term bonds. How much should he invest in each type of bond?arrow_forward
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