Question
In: Math
A company produces regular and deluxe ice cream at three plants. Per hour of operation, Plant...
A company produces regular and deluxe ice cream at three plants. Per hour of operation, Plant A produces 20 gallons of regular ice cream and 10 gallons of deluxe ice cream. Plant H produces 10 gallons of regular ice cream and 20 gallons of deluxe ice cream, and Plant M produces 20 gallons of regular and 20 gallons of deluxe. It costs $60 per hour to operate Plant A, $62 per hour to operate Plant H, and $100 per hour to operate Plant M. The company must produce at least 310 gallons of regular ice cream and at least 230 gallons of deluxe ice cream each day.
1. How many hours per day should each plant operate in order to
produce the required amounts of ice cream and minimize the cost of
production? (round to the nearest tenth as needed)
2. What is the minimum production cost? (round to the nearest cent
as needed)
Solutions
milcah answered 2 years agoRelated Solutions
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Variable Costs
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MC
TR
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by the weather, as shown below. There will be no synergy to the
merger.
State
Probability
Value
Rainy
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Warm
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470,000
Hot
.5
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The weather conditions in each town are independent of those in...
The Chocolate Ice Cream Company and the Vanilla Ice Cream Company have agreed to merge and...
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Company have agreed to merge and form Fudge Swirl Consolidated.
Both companies are exactly alike except they are located in
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by the weather, as shown below. There will be no synergy to the
merger.
State Probability Value
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The weather conditions in each town are independent of those in
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Company have agreed to merge and form Fudge Swirl Consolidated.
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by the weather, as shown below. There will be no synergy to the
merger.
State
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Cream Company and the Vanilla Ice Cream Company have agreed to
merge and form Fudge Swirl Consolidated. Both companies are exactly
alike except that they are located in different towns. The
end-of-period value of each firm is determined by the weather, as
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State
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Rainy
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$
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Warm
.2
620,000
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The Chocolate Ice Cream Company and the Vanilla Ice Cream Company have agreed to merge and...
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merger.
State
Probability
Value
Rainy
.1
$
280,000
Warm
.4
460,000
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.5
920,000
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Company have agreed to merge and form Fudge Swirl Consolidated.
Both companies are exactly alike except that they are located in
different towns. The end-of-period value of each firm is determined
by the weather, as shown below. There will be no synergy to the
merger.
State
Probability
Value
Rainy
.1
$
320,000
Warm
.4
500,000
Hot
.5
980,000
The weather conditions in each town are independent of those in
the...
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