Ruff makes dog food out of chicken and grain. Chicken has 10 grams of protein and 5 grams of fat per ounce, and grain has 2 grams of protein and 2 grams of fat per ounce. A bag of dog food must contain at least 208 grams of protein and at least 142 grams of fat. If chicken costs 10c per ounce and grain costs 1¢ per ounce, how many ounces of each should Ruff use in each bag of dog food to minimize costs? (chicken, grain) =
Ruff makes dog food out of chicken and grain. Chicken has 10 grams of protein and 5 grams of fat per ounce, and grain has 2 grams of protein and 2 grams of fat per ounce. A bag of dog food must contain at least 208 grams of protein and at least 142 grams of fat. If chicken costs 10c per ounce and grain costs 1¢ per ounce, how many ounces of each should Ruff use in each bag of dog food to minimize costs? (chicken, grain) =
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter23: Price-searcher Markets With Low Entry Barriers
Section: Chapter Questions
Problem 3CQ
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