Question: Problem 1 9 - 4 ( Algo ) A small candy shop is preparing for the holiday season. The owner must decide how many bags
Problem Algo
A small candy shop is preparing for the holiday season. The
owner must decide how many bags of deluxe mix and how
many bags of standard mix of Peanut or Raisin Delite to put up
The deluxe mix has pound raisins and pound peanuts,
and the standard mix has pound raisins and pound
peanuts per bag. The shop has pounds of raisins and
pounds of peanuts to work with. Peanuts cost $ per pound
and raisins cost $ per pound. The deluxe mix will sell for
$ for a onepound bag, and the standard mix will sell for
$ for a onepound bag. The owner estimates that no more
than bags of one type can be sold.
a If the goal is to maximize profits, how many bags of each type
should be prepared?
What is the expected profit?
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