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A Chemical Storage Tank Has a Capacity of 200 Tons

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A chemical storage tank has a capacity of 200 tons. Currently, the tank contains 50 tons of a mixture that has 10% of a certain active chemical and 1.8% of other inert ingredients. The owners of the tank want to replenish the supply in the tank and will purchase some combination of two available mixes. Mix 1 contains 70% of the active chemical and 3% of the inert ingredients; its cost is $107 per ton. Mix 2 contains 30% of the active chemical and 1% of the inert ingredients; its cost is $46 per ton. The desired final mixture should have at least 40% of the active chemical and at most 2% of the inert ingredients. How many tons of each mix should be purchased to obtain the desired final mixture at minimum cost? Find the minimum cost. Note that at least 40% of the active chemical means A chemical storage tank has a capacity of 200 tons. Currently, the tank contains 50 tons of a mixture that has 10% of a certain active chemical and 1.8% of other inert ingredients. The owners of the tank want to replenish the supply in the tank and will purchase some combination of two available mixes. Mix 1 contains 70% of the active chemical and 3% of the inert ingredients; its cost is $107 per ton. Mix 2 contains 30% of the active chemical and 1% of the inert ingredients; its cost is $46 per ton. The desired final mixture should have at least 40% of the active chemical and at most 2% of the inert ingredients. How many tons of each mix should be purchased to obtain the desired final mixture at minimum cost? Find the minimum cost. Note that at least 40% of the active chemical means   A) Minimum cost is $10,250 obtained by purchasing 70 tons of mix 1 and 60 tons of mix 2. B) Minimum cost is $8,720 obtained by purchasing 60 tons of mix 1 and 50 tons of mix 2. C) Minimum cost is $7,500 obtained by purchasing 40 tons of mix 1 and 70 tons of mix 2. D) Minimum cost is $9,180 obtained by purchasing 60 tons of mix 1 and 60 tons of mix 2. E) Minimum cost is $10,555 obtained by purchasing 50 tons of mix 1 and 60 tons of mix 2.

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Definitions:

Necessity Recognition

A rephrased definition of Need Recognition; it is the first step in the purchasing decision process, where a consumer realizes a vital requirement that needs to be fulfilled.

Problem Recognition

The initial stage in the buying process where a consumer realizes a need or a problem that requires a solution.

Information Search

The process that consumers undertake to gather and evaluate information about products and services that will satisfy a need or want.

Product Knowledge

Understanding and information regarding a product’s features, benefits, usage, and application.

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