Question

In: Math

a bakery has bought 140 lbs of muffin dough. They want to make muffins and waffles...

a bakery has bought 140 lbs of muffin dough. They want to make muffins and waffles in half dozen packs out of it. A pack of muffins requires one pound of dough & a pack of waffles requires half a pound of dough. It takes bakers 2 minutes to make a half dozen of muffins & 5 minutes to make a half dozen of waffles. The bakery make $1.50 profit on each pack of muffins and $2.00 profit on each pack of waffles. What is the max possible profit the bakery can make from the muffin dough it purchased if the bakers need to complete the baking in 10 hours or less (600 minutes)?

a)$210 b)$240 c)$310 d) $320 e)none

Solutions

Expert Solution

This is a Linear Programming problem

If there are x1 packs of waffles and x2 packs of muffins,we have to

subject to

Using graphical method , we get

To draw constraint 0.5 + ≤ 140→(1)
  
Treat it as 0.5 + =140

When = 0 then = ?

⇒0.5(0) +​​​​​​​ = 140

​​​​​​​ = 140

When x2 = 0 then = ?

⇒0.5 + (0)=140

⇒0.5 = 140

= 140 / 0.5 = 280

0 280
​​​​​​​ 140 0

Treat it as 5 + 2​​​​​​​ = 600

When = 0 then ​​​​​​​= ?

⇒5(0) + 2​​​​​​​=600

⇒2​​​​​​​ = 600

​​​​​​​ = 600 / 2 = 300

When ​​​​​​​ = 0 then =?

⇒5 + 2(0) = 600

⇒5 = 600

= 600 / 5 = 120

0 120
​​​​​​​ 300 0

The value of the objective function at each of these extreme points is as follows:

The value of the objective function at each of these extreme points is as follows:

Extreme Point
Coordinates
(,)
Objective function value
z = 1.5 + 2
O(0,0) 1.5(0)+2(0)=0
A(120,0) 1.5(120)+2(0)=180
B(80,100) 1.5(80)+2(100)=320
C(0,140) 1.5(0)+2(140)=280

The maximum value of the objective function z=320 occurs at the extreme point (80,100).

Hence, the optimal solution to the given LP problem is : = 80 , = 100 and max z=320

Answer : d) $320


Related Solutions

One big international bakery group has bought all the existing individual bakery stores and formed a...
One big international bakery group has bought all the existing individual bakery stores and formed a monopoly. The market demand remains the same and the marginal revenue of the monopoly is MR = 25-5Q. This monopoly re-allocates all the production resources, and finally its total cost becomes TC=3Q2 -8Q+9 and its marginal cost is MC= 6Q-8, where Q is in millions of units. What will be the selling price and profit for this monopoly? Illustrate the profit-maximizing price and quantity...
Suppose that a truck has a legal load carrying capacity of 10,000 lbs. We want to...
Suppose that a truck has a legal load carrying capacity of 10,000 lbs. We want to load product, with an average weight of 21 lbs. and a standard deviation of 4 lbs. onto the truck. If we have 473 of these units, how many can we load on the truck if we only want to have a 1% risk chance of “overloading” the truck? a. 473 b. 472 c. 471 d. 470 e. 463
Suppose that a truck has a legal load carrying capacity of 10,000 lbs. We want to...
Suppose that a truck has a legal load carrying capacity of 10,000 lbs. We want to load product, with an average weight of 21 lbs. and a standard deviation of 4 lbs. onto the truck. If we have 473 of these units, how many can we load on the truck if we only want to have a 1% risk chance of “overloading” the truck? a. 473 b. 472 c. 471 d. 470 e. 463
Mr. Jones has just bought a house for $250,000. He will make a down payment of...
Mr. Jones has just bought a house for $250,000. He will make a down payment of 5% on the house, and pay for the rest with a mortgage. The Bank Le Friendly offers 10-year mortgage loans at 13% APR compounded semi-annually, with monthly mortgage payments starting today. What is the amount of Mr. Jones’s monthly mortgage payment? A. $3,462.31 B. $3,498.84 C. $3,546.13 D. $3,647.40 E. $3,605.56
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT