Question

Imagine you want to open a new bakery, and you are trying to figure out which item in the menu will help you to keep the maximum profit margin. You have the following few options: • For cookies, you would need flour, chocolate, butter, and other ingredients, which comes at $3.75 per pound (lb). The initial setup cost is $1580, while the labor charge is another $30 per hour. In one hour you can serve two batches of cookies, while making 250 cookies per batch. Each batch requires 15 lb of ingredients, and each cookie can be priced at $2. • For your second option, you can make cake with the same ingredients. However, the ratio of the ingredients being different, it will cost you $4 per lb. The initial setup cost is $2000, while the labor charge remains the same. However, baking two batches of cake will require 3 hours in total, with five cakes in each batch. Each cake when baked with 2 lb of ingredient can be sold at $34. • In the third option, you can make bagels in your shop, which will require flour, butter and other ingredients, which will cost you $2.50 per lb. The initial setup cost is low, at $680, as is the labor cost, $25 per hour. In one batch, using 20 lb of ingredients, you can make 300 bagels in 45 minutes. Each bagel can be sold at $1.75. • For the fourth and final option, you can bake loaves of bread, where you will need only flour and butter for the ingredients, which will cost you $3 per lb. The initial setup cost is marginal between $270 and $350; however, the labor charge is high, $40 per hour. However, you can bake as many as 1000 loaves in 2 hours; each can be priced at $3. Use this information to create a dataset that can be used to decide the menu for your bakery.​

Answer 1

Answer:

too long answer

Explanation:

want more points