The Make-It-Good manufacturing company produces three products, Widgets, Mingets, and Tringles.
During a given year they plan to produce a total of 13,000 units of these products.
The per unit production costs for Widgets, Mingets, and Tringles are $4, $5, and $7 respectively.
The per unit profit for the Widgets, Mingets, and Tringles is $1, $2, and $3 respectively.
If the production costs are to be $70,000 and the desired profit is $27,000, how many of each product should the company produce?
Set up the solution: define variables and determine the equations. Then, solve the system of equations using any valid method, and answer the question asked in the problem.