Question: Please answer using excel solver. Also showing what formulas were put in each cell. thank you 2.6 Coffee Blending and Sales: Hill-O-Beans Coffee Company blends



Please answer using excel solver. Also showing what formulas were put in each cell. thank you
2.6 Coffee Blending and Sales: Hill-O-Beans Coffee Company blends four component beans into three final blends of coffee: one is sold to luxury hotels, another to restaurants, and the third to supermarkets for store- label brands. The company has four reliable bean supplies: Argentine Abundo, Peruvian Colmado, Brazilian Maximo, and Chilean Saboro. The table below summarizes the very precise recipes for the final coffee blends, the cost and weekly availability information for the four components, and the wholesale price per pound of the final blends. The percentages of 10,000, 25,000, and 30,000 pounds, respectively, for the hotel, restaurant, and market blends. a. To maximize weekly profit, how many pounds of each component should be purchased? b. How would the optimal profit change if there were a 1000-pound increase in the availability of Abundo beans? Colmado? Maximo? Saboro? indicate the fraction of each component to be used in each blend. Component Pounds Available Hotel Restaurant Market Cost per Pound ($) Abundo 20% 35% 10% 0.60 40,000 Colmado 40% 15% 35% 0.80 25,000 Maximo 15% 20% 40% 0.55 20,000 Saboro 25% 30% 15% 0.70 45,000 $1.40 Wholesale price $1.25 $1.50 per pound The processor's plant can handle no more than 100,000 pounds per week, and Hill- O-Beans would like to operate at capacity, if possible. Selling the final blends is not a problem, although the marketing department requires minimum production levelsStep by Step Solution
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