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Tarsands oil make two blends of fuel by mixing three crude oils. The costs and daily availability of the oilds are:
Tarsands oil make two blends of fuel by mixing three crude oils. The costs and daily availability of the oilds are:
OIL COST ($/liter) Amount available
(litres)
A 0.33 5,000
B 0.40 10,000
C 0.48 15,000
The requirements of the blends if fuel are:
Blend 1 at least 30% of A
At most 45% of B
At least 25% of C
Blend 2 at most 35% of A
At least 30% of B
At most 40% of C
Tarsands sell each litre of Blend 1 for $1.00 and each litre of Blend 2 for $1.20. Long term contracts require at least 10, 000 litres of each blend to be produced. What should Tarsands do?
