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A college student on a tight budget wishes to plan a diet which will minimize his food expenditure while maintaining minimum nutritional requirements, according to the Recommended Daily Allowance (RDA). The student wants to plan his menu from the following goods: hamburgers, hot dogs, salad, chicken, pizza, carrots, and cookies. The dietary information (in mg per pound) and cost of each of these foods is as follows:

Nutrient      Hamburger      Hotdog       Salad       Chicken      Pizza        Carrots     Cookies      RDA

Calories

2200

2100

500

700

2500

300

2600

2500

Calcium

100

200

400

300

475

400

150

80 mg

Protein

50

70

20

45

35

25

10

25 mg

Iron

25

15

30

10

5

15

20

15 mg

Cost/lb

2.50

2.00

1.75

3.00

5.00

2.25

3.50

 

Furthermore, assume that the student wants to eat at least 0.25 pounds of cookies each day and will eat at most 0.50 pounds of carrots per day. Formulate an LP model that minimizes daily food expenditures while meeting the RDA and the other constraints given in this problem.

Microeconomics, Economics

  • Category:- Microeconomics
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