GENERATE THE DECISION VARIABLE SOLUTION ANDGENERATE AN ANSWER REPORT AND SENSITIVITY REPORT3. The Wisham family lives on a farm in South Georgia on which it produces a variety of crops andlivestock, including pecans. It has 5 acres of pecan trees that yield approximately 1,000 pounds ofunshelled pecans per acre each year. The family uses all of its pecan harvest to produce pecan pies,cookies, 1-pound bags of shelled pecans, and 5-pound bags of unshelled pecans, which it sells intown at the local farmers' market. The family sells pies for $5, packages of a dozen cookies for $3,bags of shelled pecans for $7, and bags of unshelled pecans for $16. A shelled pecan is half theweight of an unshelled pecan. It requires 4 ounces of shelled pecans to make a pie, and 6 ounces ofshelled pecans to make a dozen cookies. The pies and cookies are baked in the family oven, andthere are 120 hours of baking time available. It takes 55 minutes to bake a batch of 4 pies and 15minutes to bake a batch of 2 dozen cookies. It requires family members 6 minutes to shell thepecans for a pie and package it, 4 minutes to shell the pecans for cookies and to package them, 10minutes to shell the pecans for a 1-pound bag of shelled pecans and package them, and 1 minutepackage a bag of unshelled pecans; and there are 300 hours available from family members forshelling and packaging. The Wisham family wants to know how many pecan pies, dozens of cookies,and bags of shelled and unshelled pecans to produce in order to maximize its sales revenues.Required:a. Are there any extra (slack) resources available?b. If the Wisham family could obtain additional resources, which one would be of most valueto them? How much would they be willing to pay for this resource? Why?c. If the family could obtain an additional 500 pounds of pecans or 30 hours of oven time,which should they choose?d. The family is thinking about buying a bigger oven for $3,000. If they do so, they could makea batch of 5 pies or a batch of 3 dozen cookies at one time. Should they buy the oven?Explain your answer.

Answered: Image /qna-images/answer/cbdac682-8baf-407e-8bc6-165559de3968.jpg

Required: a. Are there any extra (slack) resources available? b. If the Wisham family could obtain additional resources, which one would be of most value to them? How much would they be willing to pay for this resource? Why? c. If the family could obtain an additional 500 pounds of pecans or 30 hours of oven time, which should they choose? d. The family is thinking about buying a bigger oven for $3,000. If they do so, they could make a batch of 5 pies or a batch of 3 dozen cookies at one time. Should they buy the oven? Explain your answer.

Required: a. Are there any extra (slack) resources available? b. If the Wisham family could obtain additional resources, which one would be of most value to them? How much would they be willing to pay for this resource? Why? c. If the family could obtain an additional 500 pounds of pecans or 30 hours of oven time, which should they choose? d. The family is thinking about buying a bigger oven for $3,000. If they do so, they could make a batch of 5 pies or a batch of 3 dozen cookies at one time. Should they buy the oven? Explain your answer.

C++ Programming: From Problem Analysis to Program Design

8th Edition

ISBN:9781337102087

Author:D. S. Malik

Publisher:D. S. Malik

Chapter6: User-defined Functions

Section: Chapter Questions

Problem 14PE

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