Determining cheapest way of manufacturing item

Assignment Help Basic Statistics

Reference no: EM1321832

Q1) New Age Pharmaceuticals manufactures the drug NasaMist from 4 chemicals. Today, company should manufacture1000 pounds of drug. Three active ingredients in NasaMist are A, B, and C. By weight, at least 8% of NasaMist should consist of A, at least 4% of B, and at least 2% of C. Cost per pound of each chemical and amount of each active ingredient in 1 pound each of chemical. It is essential that at least 100 pounds of chemical 2 are utilized. Find out the cheapest way of manufacturing today's batch of NasaMist.

NewAge data

Cost/lb of chemicals
Chemical 1	$8
Chemical 2	$10
Chemical 3	$11
Chemical 4	$14

Ingredient/lb of chemical
	A	B	C
Chemical 1	0.03	0.02	0.01
Chemical 2	0.06	0.04	0.01
Chemical 3	0.10	0.03	0.04
Chemical 4	0.12	0.09	0.04

Reference no: EM1321832

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