What production plan will maximize the total revenue ?

Apr 13th, 2015
Price: $10 USD

Question description

A food company packages and sells three different canned party mixes : Plain Nuts, Mixed Nuts, and Premium Mix. Plain Nuts sell for $2.25 per can, Mixed Nuts sell for $3.37, and Premium Nuts sell for $6.49 per can. A can plain Nuts contain 0.8 pound of peanuts and 0.2 pound of cashews. A can Mixed Nuts consists of 0.5 pound of peanuts, 0.3 pound of cashews, 0.1 pound of almonds, and 0.1 Walnuts. A can of Premium Nuts is made up of 0.3 pound of cashews, 0.4 pound of almonds, and 80 pounds of Walnuts. The company has on hand 500 pounds of peanuts, 225 pounds of cashew, 100 pounds of almonds , and 80 pounds of walnuts. Past demands indicates that customers purchase at least twice as many cans of plain Nuts as Premium Nuts. What Production Plan will maximize the total revenue ?

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(Top Tutor) Daniel C.
School: Rice University

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Apr 13th, 2015
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