Answered step by step
Verified Expert Solution
Question
1 Approved Answer
OrangeJuicy Inc produces delicious orange juice and sells it for 1.175/gallon, The company purchases oranges from the following suppliers every month: 1kg of oranges
OrangeJuicy Inc produces delicious orange juice and sells it for 1.175/gallon, The company purchases oranges from the following suppliers every month: 1kg of oranges produces 1 gallon of juice Orange4U SmartOrange FancyOrange RoundOrange CheapOrange OrangeOrange KG Price $ 950 1,000 1,000 $1,250 1,000 $ 850 1,000 $ 875 1,000 $825 1,000 $1,150 Rent is 900$ per month. a) What is the cost per kg of oranges for each supplier? b) Which is the cheapest supplier and which is the most expensive supplier? c) List the priority in which you will purchase from each supplier. d) How many gallons of orange juice should Orangeluicy Inc. produce and sell to maximize total profit? What is the maximum total monthly profit?
Step by Step Solution
★★★★★
3.45 Rating (148 Votes )
There are 3 Steps involved in it
Step: 1
answer a To calculate the cost per kg of oranges for each supplier we divide the price by the quanti...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