A Store Owner Wants to Mix 30 Pounds of Peanuts

question 246

Multiple Choice

A store owner wants to mix 30 pounds of peanuts that sell for $2 a pound with cashews that sell for $8 a pound to get a mixture of mixed nuts that sells for $3.50 a pound. If x is the number of pounds of cashews, which of the following equations would solve the problem?

• A) 60 + 8 x = 3.50
• B) 30 + 8 x = 3.50(30 + x )
• C) 30 + x = 3.50
• D) 60 + 8 x = 3.50(30 + x )

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Definitions:

Inventory

The goods and materials a business holds for the ultimate goal of resale, production, or utilization.

Labor Hours

The total amount of time workers spend working in a given period, typically measured in hours per day, week, or year.

Isoquant

An isoquant is a curve that represents all the combinations of inputs that produce the same level of output in production theory.

Production Function

A mathematical representation that describes the relationship between inputs and outputs in the production process.