Oily Oil company has decided to introduce three oil mixes made from blending two or more oils….
Oily Oil company has decided to introduce three oil mixes made from blending two or more oils. One jar of olive-vegetable oil requires 6 oz each of olive and vegetable oils. One jar of vegetable-peanut oil requires 10 oz of vegetable oil and 6 oz of peanut oil. Finally, one jar of olive-vegetable-peanut oil requires 3 oz of olive oil, 7 oz of vegetable oil and 2 oz of peanut oil. The company has decided to allot 15,000 oz of olive oil, 23,000 oz of vegetable oil and 4000 oz of peanut oil for the initial production run. Its profit on one jar of olive-vegetable oil is $1.1, its profit on one jar of vegetable-peanut oil is $0.7 and its profit on one jar of olive-vegetable-peanut oil is $0.6.