The Owner of Chips Etc

question 5

Multiple Choice

The owner of Chips etc. produces two kinds of chips: lime (L) and vinegar (V) . He has a limited amount of the three ingredients used to produce these chips available for his next production run: 4800 ounces of salt, 9600 ounces of flour, and 2000 ounces of herbs. A bag of lime chips requires 2 ounces of salt, 6 ounces of flour, and 1 ounce of herbs to produce; while a bag of vinegar chips requires 3 ounces of salt, 8 ounces of flour, and 2 ounces of herbs. Profits for a bag of lime chips are $0.40, and for a bag of vinegar chips $0.50.
-Which of the following is not a feasible production combination?

• A) 0L and 0V
• B) 0L and 1000V
• C) 1000L and 0V
• D) 0L and 1200V

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Definitions:

Farming Sector

The segment of an economy devoted to the production, processing, and distribution of food, fiber, and other agricultural products.

High Degree

A level of educational attainment higher than a bachelor's degree, often referring to master's, doctoral, or professional degrees.

Autonomy

The capacity and right of individuals or groups to make their own decisions independently, often associated with self-governance and freedom.

Secondary Labour Market

A segment of the job market associated with low pay, low skill, temporary or precarious employment, often lacking benefits and job security.