Solve the Problem. -The Manager of a Candy Shop Sells Chocolate Covered Peanuts

question 211

Multiple Choice

Solve the problem.
-The manager of a candy shop sells chocolate covered peanuts for $6 per pound and chocolate covered cashews for $12 per pound. The manager wishes to mix 80 pounds of the cashews to get a cashew-peanut mixture that will sell for $7 per pound. How many pounds of peanuts should be used?

• A)200 lb
• B)480 lb
• C)240 lb
• D)400 lb

Apply the marginal productivity theory of income distribution to understand resource compensation.

Understand the relationship between market competitiveness and elasticity of resource demand.

Grasp the concept of Marginal Revenue Product (MRP) and its significance in hiring decisions.

Recognize the impact of complementary and substitute resources on each other's demand.

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Definitions:

Physiological

Pertaining to the functions and activities of living organisms and their parts, including all physical and chemical processes.

Trembling

Involuntary shaking or quivering movements, often resulting from emotional states, cold, or medical conditions.

James-Lange Theory

A theory of emotion that proposes emotions result from our interpretation of bodily reactions to stimuli rather than from an emotional state causing physiological responses.

Physiological Responses

Automatic reactions of the body to certain stimuli, which include changes in heart rate, hormone levels, and muscle tension, among others.