Intermediate Algebra
Intermediate Algebra
19th Edition
ISBN: 9780998625720
Author: Lynn Marecek
Publisher: OpenStax College
Bartleby Related Questions Icon

Related questions

Topic Video
Question

A dairy farm processed the following information about two products is produces;

Milk- Current sales value $8000, estimated added processing costs $2000, sales value if processed further $11000

Yogurt- Current sales value $12000, estimated added processing costs $7000 , sales value if processed further $18000

Which product should be processed further?
a) yogurt, b/c profits increase by $1000, which exceeds profits increased by milk

b) milk, b/c profits increase by $1000, whereas yogurt results in decrease of profit

c) both products, b/c revenue will increase by $9000 for milk, $6000 for yogurt

d) both products, b/c profit for milk will be $1000 and profit for yogurt will be $1000

Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Advanced Math
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Text book image
Intermediate Algebra
Algebra
ISBN:9780998625720
Author:Lynn Marecek
Publisher:OpenStax College
Text book image
Trigonometry (MindTap Course List)
Trigonometry
ISBN:9781337278461
Author:Ron Larson
Publisher:Cengage Learning
Text book image
College Algebra
Algebra
ISBN:9781337282291
Author:Ron Larson
Publisher:Cengage Learning
Text book image
College Algebra
Algebra
ISBN:9781938168383
Author:Jay Abramson
Publisher:OpenStax