1- An enterprise aiming to produce low and high quality varnishes plans to produce by mixing 121 barrels of alcohol and 49 barrels of resin in certain combinations. A barrel of low quality varnish will consist of 80% alcohol and 20% resin, one barrel of high quality varnish will consist of 30% alcohol and 70% resin. The firm will sell a barrel of low quality varnish from 8000 units to a barrel of high quality varnish at 50 000 units. Formulate the problem to maximize profit.

1- An enterprise aiming to produce low and high quality varnishes plans to produce by mixing 121 barrels of alcohol and 49 barrels of resin in certain combinations. A barrel of low quality varnish will consist of 80% alcohol and 20% resin, one barrel of high quality varnish will consist of 30% alcohol and 70% resin. The firm will sell a barrel of low quality varnish from 8000 units to a barrel of high quality varnish at 50 000 units. Formulate the problem to maximize profit.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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