Question: Consider a company in which two product croissant and cheese cake are produced. There are 100 pounds of materials and 80 hours of labor available.
Consider a company in which two product croissant and cheese cake are produced. There are 100 pounds of materials and 80 hours of labor available. It requires 2 pounds of material and 1 hour of labor to produce a unit of croissant. It requires 4 pounds of materials and 5 hours of labor to produce a unit of cheese cake. The profit for croissant is $30 per unit, and the profit for cheese cake is $50 dollar per unit. To maximize profit, the company would need to produce _____ croissants and ______ cheese cakes to produce to maximize profit?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
