The cost of these ingredients per bag of concrete produced

Assignment Help Business Economics
Reference no: EM13995896

Stroika Concrete makes bags of easy use concrete for the DIY market. The company mixes their concrete using two ingredients, "Great Grit" and "A1 Aggregate". Great Grit costs $1 per kilogram and consists of 20% fine sand, 40% coarse sand and 40% gravel. A1 Aggregate costs $0.75 per kilogram and consists of 10% fine sand, 50% coarse sand and 40% gravel. Each bag of Stroika concrete must contain at least 2kg of fine sand, 2kg of coarse sand and 6kg of gravel. What is the least cost combination of the ingredients that will satisfy the minimum requirements and what will be the cost of these ingredients per bag of concrete produced?

Reference no: EM13995896

Questions Cloud

Explain the purpose behind the AMT : Write a three- to four-page (12-point, double-spaced) memo to Alex Lee, explaining the following in terms that he will understand. Explain the purpose behind the AMT. Describe how and when the AMT is applicable.
The sources automatic data processing : Rate, from best to worst, each of the sources ADP (Automatic Data Processing, Inc.) indicated in the SWOT analysis in terms of its probable reliability. Discuss the steps and/or actions you can take to validate the reliability and accuracy of the inf..
Risks and benefits of expanding the disney brand in new ways : What does Disney do best to connect with its core customers? What are the risks and benefits of expanding the Disney brand in new ways?
The interest earned versus the duration of the investment : Each year,$7,500 is invested at 4% annual compound interest a) What is the value of the investment portfolio after 20 years? After 25 years? After 30 years? b) Repeat part (a) with the investment at 5% annual compound interest c) Based answers to (a)..
The cost of these ingredients per bag of concrete produced : Stroika Concrete makes bags of easy use concrete for the DIY market. The company mixes their concrete using two ingredients, "Great Grit" and "A1 Aggregate". What is the least cost combination of the ingredients that will satisfy the minimum requirem..
Each type should domar build in order to maximize profit : Domar properties plc have a site covering 20,000 meters square on which they wanted to build a mixed estate of 2- & 4-bedroom houses. The 2-bedroom houses will each occupy a plot of 60 meters square and will be sold at a profit of $15,000. On average..
What is the relevance of the marginal rule : ?Assume you are an analyst with an online university say UOP. The Admissions Director (AD) wants to determine the optimum number of students for each ECO561 class. You are provided with the following data: Tuition is $1250 per student. what is the ne..
Describes the concept of utility and economic behavior : Which of the following best describes the concept of utility and economic behavior?
What elements of the national business environment : Imagine that you and a group of your fellow classmates own a company that manufactures cheap sunglasses. To lower production costs, you want to move your factory from your developed country to a more cost-effective nation. Choose a prospective countr..

Reviews

Write a Review

Business Economics Questions & Answers

  Illustrate what set of procedures would you advise

As an advisor to the project manager, Derrick Westmuller, illustrate what set of procedures would you advise they adopt.

  Illustrate what is the cost elasticity of output

Substitute the values of L* and K* in the total cost equations and obtain an expression for the total cost C*. then calculate the average and marginal costs and plot them. Illustrate what is the cost elasticity of output.

  What labor market changes are responsible

What labor market changes are responsible for the relatively frequent mobility of employees into new jobs and low tenure – duration with one employer?

  Characteristic of the german health care system

Which is a characteristic of the German health care system?

  Inputs to maximize short-run profits

A price taking firm chooses its inputs to maximize short-run profits. Its Cobb-Douglass production function has the following form: q(L, K) = L ^(1/2)K^(1/3) . The output price is 1,000 per unit and the cost of each unit of input is 10. In the short-..

  What about tweedledee

Tweedledum and Tweedledee live along the Gulf Coast, where there is a risk of hurricanes but insurance providing either full or partial coverage is available at its actuarially fair price. Tweedledum is risk averse, whereas Tweedledee is risk seeking..

  Illustrate what is the market elasticity of demand

Illustrate what is the market elasticity of demand. What is your elasticity of demand in this Cournot oligopoly.

  Statements are true regarding employment statistics

Which of the following would be a way that the government could encourage entrepreneurship in an economy? Which of the following statements are true regarding employment statistics? Which of the following best describes an economy that is in recessio..

  Qconsider two goods that are perfect complements for

q.consider two goods that are perfect complements. for instance car frames and tires. an individual likes owning cars

  Refinancing before increasing interest rates

One reason for raising interest rates was the prospect of a refinancing issue: a $12 billion issue matures April 1, and the government is expected to seek some new money, in excess of its refinancing needs. Why doesn't the government get the central ..

  Qit is now january 1 2012 today you will deposit 1000 into

q.it is now january 1 2012. today you will deposit 1000 into a savings account that pays 8.a if the bank compounds

  Return for stock

Evaluate the U.S. nursing shortage in terms of demand and supply.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd