Question: Bean Cost per Pound Available Pounds 1 $ 0 . 5 0 5 5 0 2 $ 0 . 7 0 6 5 0 3

Bean Cost per Pound Available Pounds
1 $0.50550
2 $0.70650
3 $0.45350
Assume that the aroma and taste attributes of the coffee blend will be a weighted average of the attributes of the beans used in the blend.
(a)
What is the minimum-cost blend (in pounds) that will meet the quality standards and provide 1,000 pounds of the blended coffee product?
Bean 1550 lb
Bean 2270 lb
Bean 3180 lb
(b)
What is the cost per pound for the coffee blend (in dollars)?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!