You work for a drug company that produces six different products at its plant. For each...

 
 

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You work for a drug company that produces six different products at its plant. For each product, you need labor and raw material. The table below shows the hours of labor needed to produce a pound of each product, and the pounds of raw material needed to produce a pound of each product. For each drug, the price per pound is given in row 4, the unit cost per pound is given in row 5, and the profit contribution per pound is given in row 7. For example, Product 2 sells for $11.00 per pound, incurs a unit cost of $5.70 per pound, and contributes $5.30 profit per pound. The demand of each product is given in row 6. This month, 5,000 hours of labor and 2,000 pounds of raw material are available. How can this company maximize its monthly profit? Product Labor (hours) Raw Material Unit price Variable cost Demand Unit profit cont. 1 6 3.2 12.5 6.5 960 6 2 5 2.6 11 5.7 928 5.3 3 4 1.5 9 3.6 800 5.4 4 3 0.8 7 2.8 700 4.2 5 2.5 0.7 6 2.2 800 3.8 6 1.5 0.3 3 1.2 1055 1.8 You work for a drug company that produces six different products at its plant. For each product, you need labor and raw material. The table below shows the hours of labor needed to produce a pound of each product, and the pounds of raw material needed to produce a pound of each product. For each drug, the price per pound is given in row 4, the unit cost per pound is given in row 5, and the profit contribution per pound is given in row 7. For example, Product 2 sells for $11.00 per pound, incurs a unit cost of $5.70 per pound, and contributes $5.30 profit per pound. The demand of each product is given in row 6. This month, 5,000 hours of labor and 2,000 pounds of raw material are available. How can this company maximize its monthly profit? Product Labor (hours) Raw Material Unit price Variable cost Demand Unit profit cont. 1 6 3.2 12.5 6.5 960 6 2 5 2.6 11 5.7 928 5.3 3 4 1.5 9 3.6 800 5.4 4 3 0.8 7 2.8 700 4.2 5 2.5 0.7 6 2.2 800 3.8 6 1.5 0.3 3 1.2 1055 1.8

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