(Solution) - A burger restaurant buys top grade ground beef for 3 per -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Pages: 5 Words: 1375

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A burger restaurant buys top-grade ground beef for $3 per kg. A large sign over the entrance guarantees that the meat is fresh daily. Any leftover meat is sold to the local high school cafeteria for $2 per kg. Eight hamburgers can be prepared from each kilogram of meat. Burgers sell for $2 each. Labour, overhead, meat, buns, and condiments cost $l per burger. Demand for ground beef is Normally distributed with a mean of 400 kg per day and a standard deviation of 50 kg per day. What daily order quantity' is optimal?