Laura has turned her hobby of grinding her own corn into a small business. After grinding the corn into…

Laura has turned her hobby of grinding her own corn into a small business. After grinding the corn into…

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Laura has turned her hobby of grinding her own corn into a small business. After grinding the corn into cornmeal, she has two identifiable products: the cornmeal and the grits. She sells the grits to another local business, which uses
them as an input for its own products, while she turns the cornmeal into cornbread muffin mixes. In a normal month, she produces 100 pounds of fresh cornmeal, which is worth $1.75/pound in that form. Laura incurs an additional
cost of $150 to turn the cornmeal into muffin mixes; at that point, she has 150 pounds of muffin mix and can sell the mix for $3.85/pound. Determine if Laura is better or worse off by turning the cornmeal into muffin mix, and by how
much. (Round answer to 2 decimal places, e.g. 15.25.)
by $
Laura is better off
to process the cornmeal further into muffin mix.

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