A company uses raw material to produce two products. For $150, a unit of raw material can

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A company uses raw material to produce two products. For $150, a unit of raw material can be purchased and processed into four units of product 1 and two units of product 2. If x1 units of product 1 are produced, they can be sold at 250 – x1 dollars per unit. If x2 units of product 2 are produced, they can be sold at 140 – x2 dollars per unit. The company can choose the number of units of raw material that are purchased and processed. How can the company maximize its profit?

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Practical Management Science

ISBN: 978-1305250901

5th edition

Authors: Wayne L. Winston, Christian Albright

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