Question
Underground Food Store has 2,000 pounds of raw beef nearing its expiration date. Each pound has a cost of $4.50. The beef could be sold
Underground Food Store has 2,000 pounds of raw beef nearing its expiration date. Each pound has a cost of $4.50. The beef could be sold "as is" for $3.00 per pound to the dog food processing plant, or roasted and sold in the deli. The cost of roasting the beef will be $2.70 per pound, and each pound could be sold for $6.50. What should be done with the beef, and why? If required, round final answers to two decimal places.
The beef (should be, should not be) processed further since the sales price (increases, decreases) by $___ per pound and the cost only (increases, decreases) by $___ per pound.
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