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produced) and 3G (where Gis the number of Gadgets produced). The manufacturer has ample supp sell all the Widgets and Gadgets it produces. The firm has sufficient capacity to produce any realistic What is the optimal quantity of each product to produce? (Round your answers to 1 decimal place.) Widgets and Gadgets What is the maximum profit the manufacturer can earn? (Round your answer to 2 decimal places.) Maximum profit

produced) and 3G (where Gis the number of Gadgets produced). The manufacturer has ample supp sell all the Widgets and Gadgets it produces. The firm has sufficient capacity to produce any realistic What is the optimal quantity of each product to produce? (Round your answers to 1 decimal place.) Widgets and Gadgets What is the maximum profit the manufacturer can earn? (Round your answer to 2 decimal places.) Maximum profit

Practical Management Science
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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A manufacturer of two products (Widgets and Gadgets) makes a profit of $150 for each widget sold and $150 for each gadget sold. However, production of these products generates hazardous waste charges at the rate of 3w (where Wis the number of Widgets produced) and 3G* (where Gis the number of Gadgets produced). The manufacturer has ample supplies of all raw materials and can sell 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 and Gadgets What is the maximum profit the manufacturer can earn? (Round your answer to 2 decimal places.) Maximum profit
Transcribed Image Text:A manufacturer of two products (Widgets and Gadgets) makes a profit of $150 for each widget sold and $150 for each gadget sold. However, production of these products generates hazardous waste charges at the rate of 3w (where Wis the number of Widgets produced) and 3G* (where Gis the number of Gadgets produced). The manufacturer has ample supplies of all raw materials and can sell 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 and Gadgets What is the maximum profit the manufacturer can earn? (Round your answer to 2 decimal places.) Maximum profit
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