Lars runs a cookie factory. his cookies are made with sugar, peanut oil, and soybean oil. the number of boxes of cookies that he produces is y = min{su, po+2so}, where su is the number of bags of sugar, po the number of canisters of peanut oil, and so the number of canisters of soybean oil that he uses. the price of a bag of sugar is $5. the price of a canister of peanut oil is $9. the price of a canister of soybean oil is $19. (a) if lars makes 24 boxes of cookies, how many bags of sugar will he use? will he use peanut or soybean oil? how many canisters? calculate the minimum cost of producing 24 boxes of cookies. (b) suppose the price of soybean oil decreases by $1 and the price of peanut oil increases by $1. how will these changes affect the minimum cost of producing 24 boxes of cookies?

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances