Think Break 6

Think Break 6 - Think Break #6 Grai Hay MRT pric n (lbs) S...

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Unformatted text preview: Think Break #6 Grai Hay MRT pric n (lbs) S e (lbs) ratio 825 900 975 1050 1125 1200 135 0 113 0 935 770 625 525 2.20 1.93 2.93 The table is rations of grain and hay that put 300 lbs of gain on 900 lb steers. 1) Fill in the missing MRTS 2) If grain is $0.04/lb and hay is $0.03/lb, what is the economically optimal feed ration? Think Break #6: Answer Grai Hay MRT pric n (lbs) S e (lbs) ratio 825 900 975 1050 1125 1200 135 0 113 0 935 770 625 525 1.33 2.93 1.33 2.60 1.33 2.20 1.33 1.93 1.33 1.33 1.33 = (525 625)/(1200 1125) = Economic Optimum = (935 1130)/(975 900) = $0.04/$0.03 = 1.33 ...
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