Question: ( 1 0 points ) A farmer mills his own cattle feed and has the following information. table [ [ , Corn,Hay,Soybeans,Salt,Vitamin A ]
points A farmer mills his own cattle feed and has the following information.
tableCorn,Hay,Soybeans,Salt,Vitamin ACostProteinFatSaltVitamin AEnergy
He wants to create the lowest cost feed with the following requirements: protein is between and units, fat is between and units, salt is at least units, vitamin A is at least units, and energy is at least units.
a What is the standard format? pts
b What will be his optimal feed mix? What will be his cost? pts
c What does the price of soybeans need to be before he includes it Why? pts
d What is the shadow price of salt? What does this mean? pts
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