Chemco produces three products: 1, 2, and 3. Each pound of raw material costs $25. It undergoes processing and yields 3 oz of product 1 and 1 oz of product 2. It costs $1 and takes 2 hours of labor to process each pound of raw material. Each ounce of product 1 can be used in one of three ways.1) It can be sold for $10/oz

2) It can be processed into 1 oz of product 2. This requires 2 hours

of labor and costs $1

3) It can be processed into 1 oz of product 3. This requires 3 hours

of labor and costs $2