c) Assume the following table gives the various combinations of silage and grain that wil produce 14,000 pounds of milk per year. The problem is to find which ration will give the lowest cost of milk production. Answer the following questions. Ration No. Grain (kg) Silage (kg) Substitution Ratio 4000 12240 2 4500 10400 3. 5000 8760 5500 7300 6000 4 6000 6500 4840 7000 3800 7500 2960 8000 2000 10 8500 1200 . Complete the above table. . Classity the least cost ration for each of the following price combinations. 1) Grain at 7 cents and silage at 4.0 cents per kg 2) Grain at 8 cents and silage at 4.0 cents per kg 3) Grain at 9 cents and silage at 4 cents per kg i. Compute the total cost of the i(1) ration. (Show work)
c) Assume the following table gives the various combinations of silage and grain that wil produce 14,000 pounds of milk per year. The problem is to find which ration will give the lowest cost of milk production. Answer the following questions. Ration No. Grain (kg) Silage (kg) Substitution Ratio 4000 12240 2 4500 10400 3. 5000 8760 5500 7300 6000 4 6000 6500 4840 7000 3800 7500 2960 8000 2000 10 8500 1200 . Complete the above table. . Classity the least cost ration for each of the following price combinations. 1) Grain at 7 cents and silage at 4.0 cents per kg 2) Grain at 8 cents and silage at 4.0 cents per kg 3) Grain at 9 cents and silage at 4 cents per kg i. Compute the total cost of the i(1) ration. (Show work)
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
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Transcribed Image Text:c) Assume the following table gives the various combinations of silage and grain that will
produce 14,000 pounds of milk per year. The problem is to find which ration will give the
lowest cost of milk production. Answer the following questions.
Ration No.
Grain (kg)
Silage (kg)
Substitution Ratio
4000
12240
2
4500
10400
3
5000
8760
4
5500
7300
6000
6000
6500
4840
7
7000
3800
8
7500
2960
8000
2000
10
8500
1200
i Complete the above table.
. Classify the least cost ration for each of the following price combinations.
1) Grain at 7 cents and silage at 4.0 cents per kg
2) Grain at 8 cents and silage at 4.0 cents per kg
3) Grain at 9 cents and silage at 4 cents per kg
i. Compute the total cost of the i(1) ration. (Show work)
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