Columbus grocery store faces demand for freshly squeezed pomegranate juice. The daily demand for freshly squeezed juice ranges from 10 to 20 gallons. The grocery store offers the juice in a special 1 gallon bottle. Each gallon costs $8 to make and is sold for $15. Any juice that is not sold by the end of the day can all be sold to a local food processor for $5. Compute the decision rule ratio using the marginal analysis (rounding it to two decimal places). O 0.53 O0.47 O 0.50 O 0.30
Columbus grocery store faces demand for freshly squeezed pomegranate juice. The daily demand for freshly squeezed juice ranges from 10 to 20 gallons. The grocery store offers the juice in a special 1 gallon bottle. Each gallon costs $8 to make and is sold for $15. Any juice that is not sold by the end of the day can all be sold to a local food processor for $5. Compute the decision rule ratio using the marginal analysis (rounding it to two decimal places). O 0.53 O0.47 O 0.50 O 0.30
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Columbus grocery store faces demand for freshly squeezed pomegranate juice. The
daily demand for freshly squeezed juice ranges from 10 to 20 gallons. The grocery
store offers the juice in a special 1 gallon bottle. Each gallon costs $8 to make and is
sold for $15. Any juice that is not sold by the end of the day can all be sold to a local
food processor for $5. Compute the decision rule ratio using the marginal analysis
(rounding it to two decimal places).
O 0.53
O 0.47
O 0.50
O 0.30
O0.70](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F953e785b-ae11-4140-8f6f-ec51d66bd838%2F0b9ed3a6-0f51-4e3c-b6e8-3f57401e656d%2F0p0vsfp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Columbus grocery store faces demand for freshly squeezed pomegranate juice. The
daily demand for freshly squeezed juice ranges from 10 to 20 gallons. The grocery
store offers the juice in a special 1 gallon bottle. Each gallon costs $8 to make and is
sold for $15. Any juice that is not sold by the end of the day can all be sold to a local
food processor for $5. Compute the decision rule ratio using the marginal analysis
(rounding it to two decimal places).
O 0.53
O 0.47
O 0.50
O 0.30
O0.70
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