Answer to Question #42664 in Other Economics for Amaar
Chemical compound Cost per pound ($)
The specifications for Golding-Grow are as follows:
(1) E-11 must constitute at least 15% of the blend;
(2) C-92 and C-30 must together constitute at least 45% of the blend;
(3) D-21 and C-92 can together constitute no more than 20% of the blend; and
(4) Golding-Glow is packed and sold in 50-pounds bags.
a) Formulate a LP problem to determine what blend of the four chemicals will allow Golding to minimize the cost of a 50-pound bag of the fertilizer. Explain clearly how you formulate the constraints.
b) Solve using a computer to find the best solution.
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