Ask Question
31 January, 19:19

Lars runs a cookie factory. His cookies are made with sugar, peanut oil, and soybean oil. The number of boxes of cookies that he produces is y = min{su, po+2so}, where su is the number of bags of sugar, po the number of canisters of peanut oil, and so the number of canisters of soybean oil that he uses. The price of a bag of sugar is $5. The price of a canister of peanut oil is $9. The price of a canister of soybean oil is $19. (a) If Lars makes 24 boxes of cookies, how many bags of sugar will he use? Will he use peanut or soybean oil? How many canisters? Calculate the minimum cost of producing 24 boxes of cookies. (b) Suppose the price of soybean oil decreases by $1 and the price of peanut oil increases by $1. How will these changes affect the minimum cost of producing 24 boxes of cookies?

+5
Answers (1)
  1. 31 January, 19:29
    0
    Check the following calculations

    Explanation:

    If Lars makes 24 boxes of cookies,

    how many bags of sugar will he use? Answer - Lars will use 24 bags of of suger.

    Will he use peanut or soybean oil? Answer - Yes. He will use peanut & soybean oil

    How many canisters - 24 number of canisters of peanut oil & 48 number of canisters of soybean oil

    The minimum cost of producing 24 boxes of cookies. = 24 (5+9+2x19) = 24 (52) = $1,248

    (b) Suppose the price of soybean oil decreases by $1 and the price of peanut oil increases by $1. How will these changes affect the?

    minimum cost of producing 24 boxes of cookies = 24[5 + (9+1) + 2x (19-1) ] = 24 [51] = $ 1,224.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Lars runs a cookie factory. His cookies are made with sugar, peanut oil, and soybean oil. The number of boxes of cookies that he produces ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers