Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. A small candy shop is preparing for the holiday season. The owner must decide how many bags of deluxe mix and how many bags

image text in transcribed 4. A small candy shop is preparing for the holiday season. The owner must decide how many bags of deluxe mix and how many bags of standard mix of Peanut/Raisin Delite to put up. The deluxe mix has 2/3 pound raisins and 1/3 pound peanuts, and the standard mix has 1/2 pound raisins and 1/2 pound peanuts per bag. The shop has 90 pounds of raisins and 60 pounds of peanuts to work with. Peanuts cost $.60 per pound and raisins cost $1.50 per pound. The deluxe mix will sell for $2.90 for a one-pound bag, and the standard mix will sell for $2.55 for a onepound bag. The owner estimates that no more than 110 bags of one type can be sold. a. If the goal is to maximize profits, how many bags of each type should be prepared? b. What is the expected profit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these General Management questions