Problem 4. Widgetco produces widgets at plants 1 and 2. It costs 1/2 1/3 125x dollars...
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Problem 4. Widgetco produces widgets at plants 1 and 2. It costs 1/2 1/3 125x dollars to produce x units at plant 1 and 235x dollars to produce x units at plant 2. Each plant can produce up to 500 units. Each unit produced can be sold for $10. At most 800 widgets can be sold. Determine how Widgetco can maximize its profit. Costs of producing x units at each plant are of form ax, where Plant 1 Plant 2 a 125 b 1/2 Unit selling prices Plant 1 Plant 2 Number produced Capacity Cost Revenue Profit Plant 1 Plant 2 Total Max sales Problem 4. Widgetco produces widgets at plants 1 and 2. It costs 1/2 1/3 125x dollars to produce x units at plant 1 and 235x dollars to produce x units at plant 2. Each plant can produce up to 500 units. Each unit produced can be sold for $10. At most 800 widgets can be sold. Determine how Widgetco can maximize its profit. Costs of producing x units at each plant are of form ax, where Plant 1 Plant 2 a 125 b 1/2 Unit selling prices Plant 1 Plant 2 Number produced Capacity Cost Revenue Profit Plant 1 Plant 2 Total Max sales
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