The Owner of a Produce Store Wanted to Mix Peanuts

question 153

Short Answer

The owner of a produce store wanted to mix peanuts selling for $1 per pound, cashews selling for $8 per pound, and Brazil nuts selling for $8 per pound to get 70 pounds of a mixture that would sell for $5 per pound. She used 15 fewer pounds of cashews than peanuts. How many pounds of peanuts did she use?

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Definitions:

Marginal Cost

The added cost of producing one additional unit of a product or service.

Value Meal

A marketing strategy that bundles meal components at a reduced price compared to purchasing them separately.

Economizing Behavior

Choosing the option that offers the greatest benefit at the least possible cost.