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Provide an Appropriate Response $3.00\$ 3.00 Per Pound, 2 Pounds of Nuts At

question 102

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Provide an appropriate response.
-In a health food store, Jenny and Kevin create a trail mix from dried fruit, nuts, and granola. They buy 3 pounds of dried fruit at $3.00\$ 3.00 per pound, 2 pounds of nuts at $4.50\$ 4.50 per pound, and 5 pounds of granola at $5.00\$ 5.00 per pound. Determine the cost per pound of the mix.


Definitions:

Socially Optimal

A state or outcome that maximizes the overall welfare or benefit to society, often considered in economics and game theory to balance individual and collective interests.

Gasoline

A volatile, flammable liquid derived from petroleum, used primarily as fuel in spark-ignited internal combustion engines.

Negative Externality

A cost that is suffered by a third party due to an economic transaction or activity.

Production

The act of merging diverse physical and non-physical inputs (including blueprints and skills) to produce goods for consumption.

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