A Local Bagel Shop Produces Bagels (B) and Croissants (C)

question 51

Multiple Choice

A local bagel shop produces bagels (B) and croissants (C) . Each bagel requires 6 ounces of flour, 1 gram of yeast, and 2 tablespoons of sugar. A croissant requires 3 ounces of flour, 1 gram of yeast, and 4 tablespoons of sugar. The company has 6,600 ounces of flour, 1,400 grams of yeast, and 4,800 tablespoons of sugar available for today's baking. Bagel profits are 20 cents each and croissant profits are 30 cents each.
-What is the objective function?

• A)P = 0 3B + 0 2C
• B)P =0 6B + 0 3C
• C)P = 0 2B + 0 3C
• D)P = 0 2B + 0 4C
• E)P =0 1B + 0 1C

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Definitions:

Increase in Demand

A situation where there is a rise in the quantity of a product or service that consumers are willing and able to buy at given prices.

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers over a certain period.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price in a specified period of time.

Increase in Demand

A shift of the demand curve to the right, indicating that consumers are willing and able to purchase more of a good or service at every price.