To make yogurt, the company needs milk and fruit. Milk is bought at $1.5 per liter and fruit at $2 per kilogram. To make one batch of yogurt, the company needs 10 liters of milk, and 3 kilograms of fruit. How much does it cost the firm to produce three batches of yogurt?
Thoughts? Step-by-step reasoning:
For the fruits, the company needs to pay 3 * 2 = $6 per batch. 10 liters of milk is a cost of 10 * 1.5 = $15 for the company. So in total one batch is a cost of 15 + 6 = $21. So three batches of yogurt is a cost of 3 * 21 = $63.
Thus, the answer is 63.