Due Thursday October $3,2024$

Name

Chapter $7$ and $8$

Assumptions

MVP $-$ Marginal Value Product

We have $$900$ worth of capital how do we allocate it$?$ In the parenthesis write $1^{st},2^{nd}$ and so on for where you would spend each of the $$900.$

$\backslash$table$[[,$Fryers MVP $$,\backslash$table$[[$Egg$],[$Production$],[$MVP $$]],\backslash$table$[[$Turkeys$],[$MVP $$]]],[\backslash$table$[[$First$],[$$$100]],1000(),1200(),1600()],[\backslash$table$[[$Second$],[$$$100]],800(),1050(),1250()],[$ Third

$$100,500(),810(),975()],[\backslash$table$[[$Fourth$],[$$$100]],400(),725(),795()],[$ Fifth

$$100,200(),600(),610()]]$

Assume you have some $135$ lb $.$ hogs on feed and would like to have them gain another

$130$ lbs $.$ before they are sold. Research has shown that any one of the following

combinations of corn and soybean oil meal $($SBOM$)$ will put $130$ lbs $.$ of gain on a $135-$lb$.$

hog. Your problem is to find the combination $($i$.$e$.,$ Ration Number$)$ which will put on the

gain for the least cost. Complete the table and answer the questions which follow.

For each price combination, compute the price ratio and find the corresponding

least$-$cost ration.

Price Least$-$Cost

Ratio Ration

No$.$

a$)$ Corn at $8\mathrm{.}0!in$ per lb$.,$ SBOM at $24$ per lb$.$

b$)$ Corn at $11\mathrm{.}4$ per $lb.,$SBOM at $15$ per lb $.$

c$)$ Corn at $10\mathrm{.}0!in$ per lb$.,$ SBOM at $18!in$ per lb$.$

d$)$ Corn at $13\mathrm{.}0$$ per lb$.,$ SBOM at $28!in$ per lb$.$

e$)$ Corn at $6\mathrm{.}0!in$ per lb$.,$ SBOM at $30!in$ per lb$.$

If corn costs $8\mathrm{.}8!in$ per lb $.,$ what would SBOM have to cost to make ration #$6$ the

least$-$cost ration? SHOW WORK!