The New England Cheese Company produces two cheese spreads by blending mild cheddar cheese with extra sharp cheddar cheese. The cheese spreads are packaged in 12-ouncecontainers, which are then sold to distributors throughout the Northeast. The Regular blend contains 80% mild cheddar and 20% extra sharp, and the Zesty blend contains 60% mildcheddar and 40% extra sharp. This year, a local dairy cooperative offered to provide up to 7,920 pounds of mild cheddar cheese for $1.20 per pound and up to 2,955 pounds of extrasharp cheddar cheese for $1.40 per pound. The cost to blend and package the cheese spreads, excluding the cost of the cheese, is $0.20 per container. If each container of Regular is soldfor $1.90 and each container of Zesty is sold for $2.20, how many containers of Regular and Zesty should New England Cheese produce?RegularZesty

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Answered: he New England Cheese Company produces…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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