A food manufacturer is trying to maximize profit by selling wheat-based cereal (C) and wheat bread(B) with raw wheat (W). The production functions are: Cereal: Bread: Constraint: C = 40WC 1.5WC2 B = 80WB2WB2 WC + WB = 8,000 Profit is $1.00 per box of cereal and $0.50 per pack of wheat bread. There are 8,000 units of raw wheat available. How much wheat should go to the bread? Enter as a value.
A food manufacturer is trying to maximize profit by selling wheat-based cereal (C) and wheat bread(B) with raw wheat (W). The production functions are: Cereal: Bread: Constraint: C = 40WC 1.5WC2 B = 80WB2WB2 WC + WB = 8,000 Profit is $1.00 per box of cereal and $0.50 per pack of wheat bread. There are 8,000 units of raw wheat available. How much wheat should go to the bread? Enter as a value.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![A food manufacturer is trying to maximize profit by selling wheat-based cereal (C) and wheat bread(B) with raw wheat
(W). The production functions are:
Cereal:
Bread:
Constraint:
C = 40WC 1.5WC2
B = 80WB2WB2
WC + WB = 8,000
Profit is $1.00 per box of cereal and $0.50 per pack of wheat bread. There are 8,000 units of raw wheat available.
How much wheat should go to the bread?
Enter as a value.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F875f36d7-451b-4aeb-9362-390dfdd6e952%2F30ad7c20-9083-4565-b2bc-15bba77e32bf%2Flp1f1ln_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A food manufacturer is trying to maximize profit by selling wheat-based cereal (C) and wheat bread(B) with raw wheat
(W). The production functions are:
Cereal:
Bread:
Constraint:
C = 40WC 1.5WC2
B = 80WB2WB2
WC + WB = 8,000
Profit is $1.00 per box of cereal and $0.50 per pack of wheat bread. There are 8,000 units of raw wheat available.
How much wheat should go to the bread?
Enter as a value.
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