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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 L1 per kilogram and consists of 20% fine sand, 40% coarse sand and 40% gravel. A1 Aggregate costs L0.75 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, 2 kg of coarse sand and 6 kg of gravel. What is the least cost combination of ingredients that will satisfy the minimum requirements, and what will be the cost of these ingredients per bag of concrete produced?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91704896

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