In the Ma-and-Pa grocery store, shelf space is limited and must be used effectively to increase profit. Two cereal items, Grano and Wheatie, compete for a total shelf space of 60 ft². A box of Grano occupies .2 ft² and a box of Wheatie needs .4 ft². The maximum daily demands of Grano and Wheatie are 200 and 120 boxes, respectively. A box of Grano nets $1.00 in profit and a box of Wheatie $1.35. Ma-and-Pa thinks that because the unit profit of Wheatie is 35% higher than that of Grano, Wheatie should be allocated 35% more space than Grano, which amounts to allocating about 57% to Wheatie and 43% to Grano. What do you think?
In the Ma-and-Pa grocery store, shelf space is limited and must be used effectively to increase profit. Two cereal items, Grano and Wheatie, compete for a total shelf space of 60 ft². A box of Grano occupies .2 ft² and a box of Wheatie needs .4 ft². The maximum daily demands of Grano and Wheatie are 200 and 120 boxes, respectively. A box of Grano nets $1.00 in profit and a box of Wheatie $1.35. Ma-and-Pa thinks that because the unit profit of Wheatie is 35% higher than that of Grano, Wheatie should be allocated 35% more space than Grano, which amounts to allocating about 57% to Wheatie and 43% to Grano. What do you think?
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
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