New Age Pharmaceuticals produces the drug NasaMist from four chemicals
Question # 00182971
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Updated on: 01/30/2016 08:14 AM Due on: 01/30/2016
New Age 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 one pound of each chemical are given. At leasat 100 pounds of chemical 2 must be used.
a. Determine the cheapest way of producing today's bath of NasaMist.
b. Use SolverTable to see how much the percentage of requirement of A is really costing New Age. Let the percentage required vary from 6% to 12%.
| New Age Pharmaceuticals | |||
| 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 |
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Solution: New Age Pharmaceuticals produces the drug NasaMist from four chemicals