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 = 36Wc - 1.5Wc² B = 65WB - 2WB² Wc+ WB = 5,195 Profit is $1.00 per box of cereal and $0.50 per pack of wheat bread. There are 5,195 units of raw wheat available. How much wheat should go to the cereal (W)? Enter as a value. ROUND TO THE NEAREST WHOLE NUMBER.

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 = 36Wc - 1.5Wc² B = 65WB - 2WB² Wc+ WB = 5,195 Profit is $1.00 per box of cereal and $0.50 per pack of wheat bread. There are 5,195 units of raw wheat available. How much wheat should go to the cereal (W)? Enter as a value. ROUND TO THE NEAREST WHOLE NUMBER.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter11: Price And Output Determination: Monopoly And Dominant Firms

Section: Chapter Questions

Problem 6E

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