1 You run a small boutique and have the following products in storage: 1000 spoons, 1500...

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1 You run a small boutique and have the following products in storage: 1000 spoons, 1500 forks, 75 mugs, 100 lunchboxes, and 125 bowls. You plan to package these products into gift sets and sell them during the New Year's Sale. The gift sets will be offered in 3 options. Each option is sold at a different price and subject to the following requirements in terms of the products that are in the bag: Option A Must contain 6 spoons, 6 forks, and 1 mug. • Option B - Must contain 2 spoons, 4 forks, 1 lunchbox, and 2 bowls. • Option C - Must contain 1 mug, 1 lunchbox, and 1 bowl. Option A will sell for $100, option B will sell for $130, and option C will sell for $200. Assume that there is no limit on demand and that we allow fractional gift sets for simplicity. Your goal is to maximize revenue. ● 1 You run a small boutique and have the following products in storage: 1000 spoons, 1500 forks, 75 mugs, 100 lunchboxes, and 125 bowls. You plan to package these products into gift sets and sell them during the New Year's Sale. The gift sets will be offered in 3 options. Each option is sold at a different price and subject to the following requirements in terms of the products that are in the bag: Option A Must contain 6 spoons, 6 forks, and 1 mug. • Option B - Must contain 2 spoons, 4 forks, 1 lunchbox, and 2 bowls. • Option C - Must contain 1 mug, 1 lunchbox, and 1 bowl. Option A will sell for $100, option B will sell for $130, and option C will sell for $200. Assume that there is no limit on demand and that we allow fractional gift sets for simplicity. Your goal is to maximize revenue. ●

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Heres how you can maximize revenue from your gift sets by packaging the available products 1 Calcula... View the full answer