Determine cheapest way of producing today-s batch

Reference no: EM13118979

NewAge Pharmaceuticals produces the drug NasaMist from four chemicals. Today, the company must produce 1000 pounds of the drug. The three active ingredients in NasaMist are A, B, and C. By weight, at least 8% of NasaMist must consist of A, at least 4% of B, and at least 2% of C. The cost per pound of each chemical and the amount of each active ingredient in 1 pound of each chemical are given in the file P15_74.xlsx. It is necessary that at least 100 pounds of chemical 2 be used.

Cost/Pound A B C
Chemical 1 $8 0.03 0.02 0.01
Chemical 2 $10 0.06 0.04 0.01
Chemical 3 $11 0.10 0.03 0.04
Chemical 4 $14 0.12 0.09 0.04

a. Determine the cheapest way of producing today's batch of NasaMist

Reference no: EM13118979

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