You Are Mixing Two Kinds of Coffee: Big Box Store

question 54

Essay

You are mixing two kinds of coffee: Big Box Store coffee that costs $4 per pound and Washington Coffee Shop coffee that costs $7 per pound. You need exactly 20 pounds of coffee total and your coffee budget is $93.65. Let b be the pounds of Big Box Store coffee and let w be the pounds of Washington Coffee Shop coffee.

Set up a system of equations described in this problem. Solve the system by the method of substitution. Interpret your solution.

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Definitions:

Direct Tax

A tax levied directly on an individual or an organization's income or wealth, such as income tax or property tax.

Local Property Taxes

Taxes imposed by local governments based on the assessed value of property, primarily real estate, used to fund local services such as schools, roads, and police.

Industrial Countries

Nations with developed economies characterized by significant industrial activity and high income per capita.

Public Goods

Goods that are non-excludable and non-rivalrous in consumption, meaning they are available for everyone to consume, without diminishing the availability for others.