Question

Felix’s Feed Mill sells chicken feed for $8. 00 per bag. This price is no longer high enough to create a profit. Felix decides to raise the price. He is considering four different plans. Plan A: Raise the price by $0. 10 each week until the price reaches $12. 0. Plan B: Raise the price by 10 percent each week until the price reaches $12. 0. Plan C: Raise the price by the same amount each week for 8 weeks, so that in the eighth week the price is $12. 0. Plan D: Raise the price by $0. 25 each week until the price reaches $12. 0. Which plan will result in the price of the feed reaching $12. 00 fastest? plan A plan B plan C plan D.

Answer 1

The plan will result in the price of the feed reaching $12.00 fastest is Plan B because it reaches within 5 weeks.

What is decision-making?

The process of making choice is by identifying the correct decision, gathering information, and assessing alternative solutions.

Felix’s Feed Mill sells chicken feed for $8. 00 per bag.

This price is no longer high enough to create a profit.

Felix decides to raise the price. He is considering four different plans.

The plan will result in the price of the feed reaching $12.00 fastest will be

Plan A: Raise the price by $0. 10 each week until the price reaches $12. 0.

⇒ $0.10 × 20 = $2

This plan will take 20 weeks to reach at a price of $12.

Plan B: Raise the price by 10 percent each week until the price reaches $12.0. The price of this plan will be in t weeks is

$12 = 8 *1.1^t\\\\t = 4.25 \approx 5$

This plan will take less than 5 weeks.

Plan C: Raise the price by the same amount each week for 8 weeks, so that in the eighth week the price is $12.0. The amount will be

Amount = 2/8 = $0.25

Plan D: Raise the price by $0.25 each week until the price reaches $12. 0.

⇒ 0.25 × 8 = $2

This will take 8 weeks.

More about the decision-making link is given below.

brainly.com/question/3369578