Mathematics, 13.10.2020 03:01 starreee
Candy Kane Cosmetics (CKC) produces Leslie Perfume, which requires chemicals and labor. Two production processes are available: Process 1 transforms 1 unit of labor and 2 units of chemicals into 3 oz of perfume. Process 2 transforms 2 units of labor and 3 units of chemicals into 5 oz of perfume. It costs CKC $3 to purchase a unit of labor and $2 to purchase a unit of chemicals. Each year, up to 20,000 units of labor and 35,000 units of chemicals can be purchased. In the absence of advertising, CKC believes it can sell 1,000 oz of perfume. To stimulate demand for Leslie, CKC can hire the lovely model Jenny Nelson. Jenny is paid $100/hour. Each hour Jenny worksfor the company is estimated to increase the demand for Leslie Perfume by 200 oz. Each ounce of Leslie Perfume sells for $5. Use linear programming to determine how CKC can maximize profits.
Answers: 3
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Candy Kane Cosmetics (CKC) produces Leslie Perfume, which requires chemicals and labor. Two producti...
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