A ball manufacturer produces soccer balls, footballs, and volleyballs. The manager feels that restricting the types of balls produced could increase revenue. The following table gives the price of each ball, the raw materials cost, and the profit on each ball. The monthly profit must be at least $10,000, and the raw materials costs must be no more than $20,900. How many of each type of ball should be produced to maximize the revenue, and what is the maximum revenue?
A ball manufacturer produces soccer balls, footballs, and volleyballs. The manager feels that restricting the types of balls produced could increase revenue. The following table gives the price of each ball, the raw materials cost, and the profit on each ball. The monthly profit must be at least $10,000, and the raw materials costs must be no more than $20,900. How many of each type of ball should be produced to maximize the revenue, and what is the maximum revenue?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
I am not sure how to solve this.
A ball manufacturer produces soccer balls, footballs, and volleyballs. The manager feels that restricting the types of balls produced could increase revenue. The following table gives the price of each ball, the raw materials cost, and the profit on each ball. The monthly profit must be at least $10,000, and the raw materials costs must be no more than $20,900. How many of each type of ball should be produced to maximize the revenue, and what is the maximum revenue?
Transcribed Image Text:A ball manufacturer produces soccer balls, footballs, and volleyballs. The manager feels that restricting the types of balls produced could increase revenue. The following table gives the price of each ball, the raw materials cost, and the profit on each ball. The
monthly profit must be at least $10,000, and the raw materials costs must be no more than $20,900. How many of each type of ball should be produced to maximize the revenue, and what is the maximum revenue?
Raw Materials
Cost
Revenue
Profit
per ball
per ball
Footballs
$11
$33
$11
Soccer balls
12
34
11
Volleyballs
7
18
7
footballs
soccer balls
volleyballs
$
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
