Assignment task:
K&L Corp. manufactures two products that are sold as raw materials to different companies. K&L's management, basing it on their analysis of their inventory and forecasted demand, specified that the combined production for products A and B must total at least 350 liters with 600 hrs. of processing time available. Another thing to consider, they must satisfy one of their VIP client's order of 125 liters of product A. Product A's processing time per liter is 2 hrs., and product B's processing time per liter is 1 hr. K&L's objective is to satisfy these requirements at a minimum total production cost. Production costs for product A is $3 per liter and for product B $2 per liter. Questions to answer:
1) How much is the minimum total production cost given all the resources and constraints in this case?
2) How many liters of Product A to produce in order to minimize the total costs?
3) How many liters of Product B to produce in order to minimize the total costs?
4) How many total liters produced given all the resources and constraints in this case?
5) How many hours of processing time