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NewAge data Cost/lb of chemicals Chemical 1 $8 Chemical 2 $10 Chemical 3 $11 Chemical 4 $14 Ingredient/lb of chemical Chemical 1 Chemical 2 Chemical...
NewAge Pharmaceuticals produces the drug NasaMistfrom four chemicals. Today, the company mustproduce 1000 pounds of the drug. The three activeingredients in NasaMist are A, B, and C. By weight, atleast 8% of NasaMist must consist of A, at least 4% ofB, and at least 2% of C. The cost per pound of eachchemical and the amount of each active ingredient in1 pound of each chemical are given in the fileP15_74.xlsx. It is necessary that at least 100 pounds ofchemical 2 be used.a. Determine the cheapest way of producing today’sbatch of NasaMist.
