Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I am needing help with these two problems. A small candy shop is preparing for the holiday season. The owner must decide how many bags
I am needing help with these two problems.
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 $4.10 for a one-pound bag, and the standard mix will sell for $3.65 for a one-pound bag. The owner estimates that no more than 220 bags of one type can be sold. a. If the goal is to maximize profits, how many bags of each type should be prepared? Answer is complete and correct. b. What is the expected profit? Answer is complete but not entirely correct. A retired couple supplement their income by making fruit pies, which they sell to a local grocery store. During the month of September, they produce apple and grape pies. The apple pies are sold for $2.00 to the grocer, and the grape pies are sold for $4.00. The couple is able to sell all of the pies they produce owing to their high quality. They use fresh ingredients. Flour and sugar are purchased once each month. For the month of September, they have 1,800 cups of sugar and 2,700 cups of flour. Each apple pie requires 11/2 cups of sugar and 3 cups of flour, and each grape pie requires 2 cups of sugar and 3 cups of flour. a. Determine the number of grape and the number of apple pies that will maximize revenues if the couple working together can make an apple pie in 6 minutes and a grape pie in 3 minutes. They plan to work no more than 60 hours. (Round your answers to nearest whole number.) Answer is complete and correct. b. Determine the amounts of sugar, flour, and time that will be unused. (Leave no cells blank - be certain to enter " 0 " wherever required. Round your intermediate calculations and final answers to the nearest whole number.)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started