New Jersey Chemical Company manufactures two industrial chemical products, called zanide and kreo-lite. Two machines are used in the process, and each machine has 24 hours of capacity per day. The following data are available:

The company can produce and sell partially full drums of each chemical. For example, a half drum of zanide sells for $54.

Required:
1. Formulate the product-mix problem as a linear program.
2. Solve the problem graphically.
3. What is the value of the objective function at the optimalsolution?

Transcribed Image Text:

Kreolite $126 $ 84 Zanide $108 Selling price per drum Varlable cost per drum Hours required per drum on machine Hours required per drum on machine lI 84 2 hr 1 hr 2 hr 3 hr