Business
Business, 22.02.2021 21:00, rubend7769

OJ Juice Company sells bags of oranges and cartons of orange juice. OJ grades oranges on a scale of 1 (poor) to 10 (excellent). OJ now has on hand 100,000 lb of grade 9 oranges and 120,000 lb of grade6 oranges. Because oranges are perishable, all must be allocated to bags or juice. The average quality of oranges sold in bags must be 7 and the average quality of oranges used to produce orange juice must be 8. Each pound of oranges that is used for juice yields a revenue of $1.50 and incurs a variable cost of $1.05. Each pound of oranges sold in bags yields a revenue of $0.50 and incurs a variable cost of $0.20. Formulate an LP to help OJ maximize revenue. [

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OJ Juice Company sells bags of oranges and cartons of orange juice. OJ grades oranges on a scale of...

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