A food manufacturer is trying to maximize profit by selling wheat-based cereal (C) and wheat bread(B) with raw wheat (W). The production functions are: Cereal: Bread: Constraint: C = 31Wc 1.5Wc² B = 66WB - 2WB² Wc + WB = 9,055 - Profit is $1.00 per box of cereal and $0.50 per pack of wheat bread. There are 9,055 units of raw wheat available. How much wheat should go to the cereal (WC)? Enter as a value.

A food manufacturer is trying to maximize profit by selling wheat-based cereal (C) and wheat bread(B) with raw wheat (W). The production functions are: Cereal: Bread: Constraint: C = 31Wc 1.5Wc² B = 66WB - 2WB² Wc + WB = 9,055 - Profit is $1.00 per box of cereal and $0.50 per pack of wheat bread. There are 9,055 units of raw wheat available. How much wheat should go to the cereal (WC)? Enter as a value.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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