Question: Beefwiser Inc. processes beef into steak and ground beef. The unprocessed beef is purchased at $4 per pound. Each pound of unprocessed beef yields

Beefwiser Inc. processes beef into steak and ground beef. The unprocessed beef

Beefwiser Inc. processes beef into steak and ground beef. The unprocessed beef is purchased at $4 per pound. Each pound of unprocessed beef yields half a pound of steak and half a pound of ground beef. Steak may be sold in bulk for $14 per pound or cut and packaged into smaller portions and sold for $19 per pound. It takes 1 hour to cut and package 100 pounds of steak. Ground beef may be sold in bulk for $5 per pound or packaged and sold for $6 per pound. It takes 30 minutes to package 100 pounds of ground beef. Each day, at most 1,000 pounds of unprocessed beef can be purchased, and 6 hours of cutting and packaging labor are available. Formulate an LP to maximize Beefwiser's profits. Solve the LP using AMPL and report your solution below. Poulds/day of unprocessed beef purchased: Pounds/day of steak sold in bulk: Pounds/day of packaged steak sold: Pounds/day of ground beef sold in bulk: Pounds/day of packaged ground beef sold: Profit per day:

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