Choose the One Alternative That Best Completes the Statement or Answers

question 9

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
Solve the problem.
-A diner makes a profit of $1.30 for a cup of coffee and $1.10 for a cup of tea. Write an objective function z = f(x, y) that represents the total profit for selling x cups of coffee and y cups of tea.

• A) \(z = 0.20 ( x + y )\)
• B) \(z = 1.30 x + 1.10 y\)
• C) \(z = 1.10 x + 1.30 y\)
• D) \(z = 2.40 ( x + y )\)

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Definitions:

Freight Costs

Expenses associated with the transportation of goods from one location to another.

Cost Of Goods Sold

The direct costs associated with producing goods that a company sells, including materials and labour, used to determine gross profit.

Work-In-Process

Partially finished goods that are still in the production process at the end of an accounting period.

Finished Goods

Products that are finished with the production process but remain unsold to any customer.