A small candy shop is preparing for the holiday season. The owner must decide how many bags of deluxe mix and how many bags ofstandard mix of Peanut/Raisin Delite to put up. The deluxe mix has 2/3 pound raisins and 1/3 pound peanuts, and the standard mix has1/2 pound raisins and 1/2 pound peanuts per bag. The shop has 90 pounds of raisins and 60 pounds of peanuts to work with. Peanutscost $.60 per pound and raisins cost $1.50 per pound. The deluxe mix will sell for $4.90 for a one-pound bag, and the standard mix willsell for $4.40 for a one-pound bag. The owner estimates that no more than 300 bags of one type can be sold.a. If the goal is to maximize profits, how many bags of each type should be prepared?Answer is complete and correct.DeluxeStandard90 bags60 bagsb. What is the expected profit?Answer is complete but not entirely correct.Profit6174

The Simplex method is a powerful algorithm in linear programming utilized to solve optimization…

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Practical Management Science

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Author:WINSTON, Wayne L.

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If the goal is to maximize profits, how many bags of each type should be prepared? Answer is complete and correct. Deluxe Standard b. What is the expected profit? 90 bags 60 bags Answer is complete but not entirely correct. Profit S 617