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Problem 4-15 (Algorithmic) Seastrand Oil Company produces two grades of gasoline: regular and high octane. Both gasoline

Posted: Sun Jul 03, 2022 4:27 pm
by answerhappygod
Problem 4-15 (Algorithmic)
Seastrand Oil Company produces two grades of gasoline: regularand high octane. Both gasolines are produced by blending two typesof crude oil. Although both types of crude oil contain the twoimportant ingredients required to produce both gasolines, thepercentage of important ingredients in each type of crude oildiffers, as does the cost per gallon. The percentage of ingredientsA and B in each type of crude oil and the cost per gallon areshown.
Each gallon of regular gasoline must contain at least 60% ofingredient A, whereas each gallon of high octane can contain atmost 30% of ingredient B. Daily demand for regular and high-octanegasoline is 900000 and 500000 gallons, respectively. How manygallons of each type of crude oil should be used in the twogasolines to satisfy daily demand at a minimum cost? Round youranswers to the nearest whole number. Round the answers for cost tothe nearest dollar.