Question 30 of 33 The owner of Chips etc. produces 2 kinds of chips: Lime (L) an

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Question 30 of 33

The owner of Chips etc. produces 2 kinds of chips: Lime (L) and Vinegar (V). He has a limited amount of the 3 ingredients used to produce these chips available for his next production run: 4800 ounces of salt, 9600 ounces of flour, and 2000 ounces of herbs. A bag of Lime chips requires 2 ounces of salt, 6 ounces of flour, and 1 ounce of herbs to produce; while a bag of Vinegar chips requires 3 ounces of salt, 8 ounces of flour, and 2 ounces of herbs. Profits for a bag of Lime chips are $0.40, and for a bag of Vinegar chips $0.50. What is the shadow price for flour?

Question 30 of 33

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Question 30 of 33 The owner of Chips etc. produces 2 kinds of chips: Lime (L) an

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