standard mix of Peanut/Raisin Delite to put up. The deluxe mix has .68 pounds of raisins and .32 pounds of peanuts, and the standardmix has 0.5 pounds of raisins and 0.5 pounds of peanuts per bag. The shop has 80 pounds of raisins and 50 pounds of peanuts towork with.Peanuts cost $0.75 per pound and raisins cost $1.5 per pound. The deluxe mix will sell for $2.9 for a one-pound bag, and the standardmix will sell for $2.55 for a one-pound bag. The owner estimates that no more than 110 bags of one type can be sold.a. If the goal is to maximize profits, how many bags of each type should be prepared? (Round your answers down to a wholenumber.)DeluxeStandardb. What is the expected profit? (Round your answer to two decimal places.)Expected profit

Deluxe Standard Cost per pound Raisins (pounds) 0.68 0.5 $ 1.50 Peanuts (pounds) 0.32…

Answered: standard mix of Peanut/Raisin Delite to…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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