An animal feed to be mixed from soybean meal and oats must contain at least 120120 lb of protein, 2121 lb of fat, and 1010 lb of mineral ash. Each sack of soybeans costs $ 15$15 and contains 5050 lb of protein, 77 lb of fat, and 55 lb of mineral ash. Each sack of oats costs $55 and contains 1515 lb of protein, 55 lb of fat, and 1 lb of mineral ash. How many sacks of each should be used to satisfy the minimum requirements at minimum cost? Are the answers reasonable? How could they be interpreted?
An animal feed to be mixed from soybean meal and oats must contain at least 120120 lb of protein, 2121 lb of fat, and 1010 lb of mineral ash. Each sack of soybeans costs $ 15$15 and contains 5050 lb of protein, 77 lb of fat, and 55 lb of mineral ash. Each sack of oats costs $55 and contains 1515 lb of protein, 55 lb of fat, and 1 lb of mineral ash. How many sacks of each should be used to satisfy the minimum requirements at minimum cost? Are the answers reasonable? How could they be interpreted?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
An animal feed to be mixed from soybean meal and oats must contain at least
120120
lb of protein,
2121
lb of fat, and
1010
lb of mineral ash. Each sack of soybeans costs
$ 15$15
and contains
5050
lb of protein,
77
lb of fat, and
55
lb of mineral ash. Each sack of oats costs
$55
and contains
1515
lb of protein,
55
lb of fat, and 1 lb of mineral ash. How many sacks of each should be used to satisfy the minimum requirements at minimum cost? Are the answers reasonable? How could they be interpreted?
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