A rancher is mixing two types of foods, Brand X and Brand Y, for his cattle. Each serving for cattle is required to have 360 grams of protein and 360 grams of fat. Brand X has 5 grams of protein and 10 grams of fat. Brand Y has 10 grams of protein and 5 grams of fat. Rancher has found that Brand X costs $3.5 and brand Y costs $5 per unit. Find out how much of each type should be used by the rancher to minimize cost. Keep in mind that the rancher has to buy at least one unit of each brand. Moreover, the number of brand X has to be twice the number of brand Y.
A rancher is mixing two types of foods, Brand X and Brand Y, for his cattle. Each serving for cattle is required to have 360 grams of protein and 360 grams of fat. Brand X has 5 grams of protein and 10 grams of fat. Brand Y has 10 grams of protein and 5 grams of fat. Rancher has found that Brand X costs $3.5 and brand Y costs $5 per unit. Find out how much of each type should be used by the rancher to minimize cost. Keep in mind that the rancher has to buy at least one unit of each brand. Moreover, the number of brand X has to be twice the number of brand Y.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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A rancher is mixing two types of foods, Brand X and Brand Y, for his cattle. Each serving for cattle is required to have 360 grams of protein and 360 grams of fat. Brand X has 5 grams of protein and 10 grams of fat. Brand Y has 10 grams of protein and 5 grams of fat. Rancher has found that Brand X costs $3.5 and brand Y costs $5 per unit. Find out how much of each type should be used by the rancher to minimize cost. Keep in mind that the rancher has to buy at least one unit of each brand. Moreover, the number of brand X has to be twice the number of brand Y. (Possible Answer: $216)
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