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Harper Chicken Corporation processes and packages chicken for grocery stores. It purchases chickens from farmers and processes them into two different products: chicken drumsticks and
Harper Chicken Corporation processes and packages chicken for grocery stores. It purchases chickens from farmers and processes them into two different products: chicken drumsticks and chicken steaks. From a standard batch of 12,000 pounds of raw chicken that costs $9,000, the company produces two parts: 7,800 pounds of drumsticks and 4,200 pounds of steaks. The market price of drumsticks per pound is $1.25 and the market price per pound of chicken steaks is $4.20.
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