Answered: The aim of the objective function…

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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Transcribed Image Text:Doug Turner Food Processors wishes to introduce a new brand of dog biscuits composed of chicken and liver flavored biscuits that meet certain nutritional requirements. The liver flavored biscuits contain 1 unit of nutrient A and 2 units of nutrient B; the chicken flavored biscuits contain 1 unit of nutrient A and 4 units of nubient B. According to federal requirements, there must be at least 40 units of nutrient A and 60 units of nutrient B in a package of the new mix. In addition, the company has decided that there can be no more than 12 tiver flavored biscuits in a package. It costs 1e to make 1 iver favored biscurt and 2d to make t chicken flavored Doug wants to determine the optimal product mix for a package of the biscuits to minimize the firm's cost The aim of the objective function should be to Minimize the objective value The optimum solution is: Number of liver flavored biscuits in a package-(round your response to two decimal places)

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