For Exercises, identify the objective function and constraints of the linear programming p...

For Exercises, identify the objective function and constraints of the linear programming problem. Then solve the problem and interpret the real-world meaning of the results.

Minimum Commodity Cost Today’s Market Prices (www.todaymarket.com) is a daily fruit and vegetable wholesale market price service. Produce retailers who subscribe to the service can use wholesale prices to aid them in setting retail prices for the fruits and vegetables they sell. A 25-pound carton of peaches holds 60 medium peaches or 70 small peaches. In August 2002, the wholesale price for local peaches in Los Angeles was $9.00 per carton for medium peaches and $10.00 per carton for small peaches. (Source: Today’s Market Prices.) A fruit vendor sells the medium peaches for $0.50 each and the small peaches for $0.45 each. He estimates that weekly demand for peaches is at least 420 peaches but no more than 630 peaches. He wants to buy enough peaches to meet the minimum estimated demand, but no more than the maximum estimated demand. How many boxes of each size of peaches should he buy if he wants to minimize his wholesale cost?