Respuesta :
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
[tex]12 = 8 *1.1^t\\\\t = 4.25 \approx 5[/tex]
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.
https://brainly.com/question/3369578
