Scenario 13.2 - Fish or Chicken

question 10

Multiple Choice

Scenario 13.2 - Fish or Chicken
The taco stand in the atrium of the new College of Business building carried two items,fish tacos and chicken tacos.The fish tacos sell for $15 and are made out of $5 of ingredients and the chicken tacos sell for $10 and are made out of $4 of ingredients.Some days the taco stand owner has only chicken at his disposal,so he makes nothing but chicken tacos,and some days the opposite is true and he makes only fish tacos.Thus,he is able to estimate demand for chicken tacos at 2500 per day with a standard deviation of 600 and the demand for fish tacos at 2000 per day with a standard deviation of 500.Any fish or chicken tacos that do not sell at the end of the day can be sold for $1 each as bait.On days when both proteins are available,the taco stand manager prefers to make a few of each kind.All tacos are made in his home kitchen and then transported to campus.Due to time constraints and the capacity of his pickup truck bed,he is limited to beginning each day with only 3000 tacos.
-Suppose the taco stand manager could wake up a little earlier and borrow his buddy's full size pickup to transport tacos to campus.If time and capacity were not an issue,how many total tacos should he bring to campus each day?

• A)2500
• B)3000
• C)5041
• D)5500

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Definitions:

Karl Marx

A 19th-century philosopher and economist known for his theories on capitalism and communism.

Private Enterprise

Business operations and ownership by private individuals rather than by the government, encouraging competition and innovation.

Communism

A political and economic ideology advocating for a classless society where all property is publicly owned and each person works and is paid according to their abilities and needs.

Societal Benefit

The total advantage or gain that society receives from an action, policy, or service, often considered in economic, social, or environmental terms.