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 = 31Wc 1.5Wc² B = 66WB - 2WB² Wc + WB = 9,055 - Profit is $1.00 per box of cereal and $0.50 per pack of wheat bread. There are 9,055 units of raw wheat available. How much wheat should go to the cereal (WC)? 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 = 31Wc 1.5Wc² B = 66WB - 2WB² Wc + WB = 9,055 - Profit is $1.00 per box of cereal and $0.50 per pack of wheat bread. There are 9,055 units of raw wheat available. How much wheat should go to the cereal (WC)? Enter as a value.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter2: Fundamental Economic Concepts

Section: Chapter Questions

Problem 2E

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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: C = 28WC – 1.5WC2 Bread: B = 66WB – 2WB2 Constraint: WC + WB = 7,058 Profit is $1.00 per box of cereal and $0.50 per pack of wheat bread. There are 7,058 units of raw wheat available. How much wheat should go to the cereal (WC)? Enter as a value. ROUND TO THE NEAREST WHOLE NUMBER.
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: C = 28WC - 1.5Wc Bread: B = 65WB - 2WB2 Constraint: WC + WB = 4144 Profit is $1.00 per box of cereal and $0.50 per pack of wheat bread. There are 4,144 units of raw wheat available. How much wheat should go to the cereal (WC)?
can you please provide teh full solution without any AI, can you show the mathematical working out and explanation
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