subject
Business, 26.09.2019 16:30 enriqueliz1680

The white horse apple products company purchases apples from local growers and makes applesauce, apple jelly and apple juice. it costs 60¢to produce a jar of applesauce, 70¢to produce a jar of apple jellyand 85¢to produce a bottle of apple juice. the company has a policy that at least 20% but no more than60% of its output must be applesauce. the company wants to meet but not exceed the demand for each product. the marketing managerestimates that the demand for applesauce is 5,000 jars plus an additional 3 jars for every $1 spent onadvertising. the demand for apple jelly is estimated to be 4,500 jars plus an additional 4 jars for every$1 spent on advertising apple jelly. the demand for apple juice is estimated to be 4,000 bottles plus anadditional 5 bottles for every $1 spent on promoting apple juice. the company has a budget of $26,000to spend on producing and advertising applesauce, apple jelly and apple juice. applesauce sells for $1.45per jar, apple jelly sells for $1.55 per jar and apple juice sells for $1.75 per bottle. the company wants tomaximize its profit. a.[6 points]formulate alinear programming modelfor this problem. your model must bealgebraic. b.[6 points]solve the problem using gams.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 05:10
Suppose that the free states of eldricia, a small nation, has consumption, investment, government purchases, imports, and exports as follows. consumption $140 investment $50 government purchases $45 imports $30 exports $15 calculate the free states of eldricia's gdp
Answers: 2
question
Business, 22.06.2019 14:30
If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided
Answers: 1
question
Business, 23.06.2019 03:30
Sub to "j h" yt channel to be entered in a giveaway $50 visa
Answers: 1
question
Business, 23.06.2019 08:20
As task uncertainty and interdependence increase, are a more effective coordination mechanism than
Answers: 3
You know the right answer?
The white horse apple products company purchases apples from local growers and makes applesauce, app...
Questions
question
History, 18.09.2019 22:00
question
Mathematics, 18.09.2019 22:00
Questions on the website: 13722363