- Case Scenario Problem A Plant Makes Aluminium And Copper Wire Each Pound Of Aluminium Wire Requires 5 Kwh Of Electricit 1 (32.44 KiB) Viewed 20 times
Case Scenario/Problem A plant makes aluminium and copper wire. Each pound of aluminium wire requires 5 kWh of electricit
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am
Case Scenario/Problem A plant makes aluminium and copper wire. Each pound of aluminium wire requires 5 kWh of electricit
Case Scenario/Problem A plant makes aluminium and copper wire. Each pound of aluminium wire requires 5 kWh of electricity and 1/4 hour of labour. Each pound of copper wire requires 4 kWh of electricity and 1/2 hour of labour. Production of pounds of copper wire is restricted by the fact that raw materials are available to produce at most 60 lbs per day. Electricity is limited to 500 kWh per day and labour to 40 labour-hours per day. If the profit from aluminium wire is $0.25 per lb. and the profit from copper is $0.40 per lb., how much pounds of each wire should be produced to maximize profit?