Find the corresponding least-cost ration

Assignment Help Operation Management

Reference no: EM131131551

For each price combination below, compute the price ratio and find the corresponding least-cost ration. Price Least-Cost Ratio Ration No. a) Corn at 4.0¢ per lb., SBOM at 12¢ per lb. .03 _________ b) Corn at 5.7¢ per lb., SBOM at 7.5¢ per lb. 1.32 _________ c) Corn at 5.0¢ per lb., SBOM at 9¢ per lb. .02 _________ d) Corn at 6.5¢ per lb., SBOM at 14¢ per lb. .02 _________ e) Corn at 3.0¢ per lb., SBOM at 15¢ per lb. .05 _________ 2. Is the least-cost ration really least-cost? Let's do one check. PLEASE SHOW ALL YOUR WORK. Using the prices in question 1 part (a) above: a) Compute the total cost of the least-cost ration you found in question 1 part (a). b) Compute the total cost of Ration #8. c) How much money would you save by feeding your least-cost ration instead of Ration #8? 3. What happens to the least-cost ration if the price of both feeds doubles? WHY? 4. What would happen to the substitution ratios you have calculated if the corn values were all 10 lbs. higher? 5. What would happen to the total cost of any of the least-cost rations if the corn values were all 10 lbs. higher?

Reference no: EM131131551

Questions Cloud

Find articles to explore special needs students in college : view the article:- Post-GED-Credential College Prospects for Adults with Special Needs ". - Find articles to explore special needs students in college or trade schools.

What type of harms can be caused by cheating : Cheating is considered a problem in many areas of life including business, education, and relationships. Why do people cheat and what type of harms can be caused by cheating?

Affirmative action and the law : Debate It: Take a position for or against the U.S. Supreme Court’s decision in 1986 on the use of affirmative action in hiring, promotion, and layoffs for your agency. Provide at two reasons and examples to support your position.

Explain how practice helps learning : You have just been assigned a training event in your organization. Since the training event will consist of purely adults, explain the considerations you should take into account.

Find the corresponding least-cost ration : For each price combination below, compute the price ratio and find the corresponding least-cost ration. How much money would you save by feeding your least-cost ration instead of Ration ? 3. What happens to the least-cost ration if the price of both ..

Determine the electric field everywhere inside and outside : Determine the electric field everywhere inside and outside the sphere

Do you support decision to extend an offer to jane roberts : Draft and include as a separate page, a proposed offer letter to Betts Cook, incorporating your recommendations in numbers 8 and 9 above, as well as other desired features that should be part of a job offer letter.

Describe any risks encountered by the organization : Explain the role of the organization in helping employees plan their development. Describe any benefits gained by the organization. Describe any risks encountered by the organization. Explain the reasons why a manager might resist involvement in care..

Why do you think obtaining knowledge from general education : What are the most important concepts you have learned (a) from this course and (b) throughout your time as a university student? Why do you think obtaining knowledge from general education courses is important?

User Account

All Pages