A manufacturer of two products (Widgets and Gadgets) makes a profit of $140 for each widget sold and $200 for each gadget sold.However, production of these products generates hazardous waste charges at the rate of 1w (where W is the number of Widgetsproduced) and 26 (where G is the number of Gadgets produced). The manufacturer has ample supplies of all raw materials and cansell all the Widgets and Gadgets it produces. The firm has sufficient capacity to produce any realistic quantity of both products.What is the optimal quantity of each product to produce? (Round your answers to 1 decimal place.)Widgets andGadgetsWhat is the maximum profit the manufacturer can earn? (Round your answer to 2 decimal places.)Maximum profit< Prevxt >2 of 5ASUS

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Answered: A manufacturer of two products (Widgets…

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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