Mathematics, 11.02.2020 19:36, moneybabyy38
A manufacturer of breakfast cereals has the opportunity to purchase barley at $3.00 a bushel for 10,000 bushels, if it also buys 5,000 bushels of wheat at $16.00 per bushel. However, the manufacturer does not use any barley in its products, and currently needs 20,000 bushels of wheat. If the current market price of barley is $3.80 per bushel and that of wheat is $15.80 per bushel, should this opportunity be taken, and why?
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A manufacturer of breakfast cereals has the opportunity to purchase barley at $3.00 a bushel for 10,...
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