A Nut Wholesaler Sells a Mix of Cashews and Peanuts

question 225

Multiple Choice

A nut wholesaler sells a mix of cashews and peanuts. He charges $2.80 per pound for cashews and $5.30 per pound for peanuts. If the mix is to sell for $3.3 per pound, how many pounds each of peanuts and cashews should be used to make 100 pounds of the mix? ​

• A)The wholesaler should mix 13.4 pounds of peanuts with 61 pounds of cashews.
• B)The wholesaler should mix 14 pounds of peanuts with 73.4 pounds of cashews.
• C)The wholesaler should mix 26.6 pounds of peanuts with 86 pounds of cashews.
• D)The wholesaler should mix 39 pounds of peanuts with 86.6 pounds of cashews.
• E)The wholesaler should mix 20 pounds of peanuts with 80 pounds of cashews.

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Definitions:

CDs

Compact Discs, a digital optical disc data storage format used for storing audio, video, and data.

Budget Constraint

The limitation on the consumption bundles that a consumer can afford given their income and the prices of goods.

Income

Income earned regularly from work or investments.

Budget Constraint

A limit on the consumption choices of individuals or firms based on their income and the prices of goods and services.