Question: Part 3. Questions 6,7. [Video-3] Consider the Ingredient Mix problem. Owners of a feedlot seek to determine the pounds of stock feed to purchase and

Part 3. Questions 6,7. [Video-3] Consider the

Part 3. Questions 6,7. [Video-3] Consider the Ingredient Mix problem. Owners of a feedlot seek to determine the pounds of stock feed to purchase and blend for each head of cattle per month that meet nutritional requirements and minimize cost. The ounces of each nutrient for each pound of feed stock have been collected and reported in the table. (One pound equals 16 ounces.) Stock Feed A Stock Feed B Stock Feed C | Required pounds of nutrient per month Ounces of nutrient for each pound of Stock Feed Nutrient 1 Nutrient 2 Nutrient 3 Nutrient 4 Cost of Stock Feed per pound $0.05 $0.06 $0.03 Question 6. What is the minimum cost per head per month that meets requirements? (A) $0.84 (B) $1.68 (C) $0.10 (D) $3.36 (E) none of the above Question 7. How many statements are correct for the optimal mix? (A) 0 (B)1 (C)2 (D) 3 (E) 4 Statement 1. Nutrient 1 is binding. Statement 2. Nutrient 2 is non-binding. Statement 3. Nutrient 3 has a surplus of 96. Statement 4. Nutrient 4 has a surplus of 0

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