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ABC Company produces feedstuff for chicken. According to national standards, the feedstuff produced should meet nutritional criteria.

Crude Protein Coarse Fiber Lysine Calcium Phosphor Salt National Criteria 135 -145g/kg 50g/kg >5.6g/kg 23-40g/kg 4.6-6.5g/kg 3.7g/kg

The company produces feedstuff from several raw materials including corn, wheat, wheat bran, DL-met, and salt. The nutrition fact of different raw materials is listed in the following table.

 

 

Price ($/kg)

Crude Protein (g/kg)

Coarse Fiber (g/kg)

Lysine (g/kg)

Calcium (g/kg)

Phosphor (g/kg)

Salt (g/kg)

Corn

0.68

78

16

2.3

0.7

0.30

 

Wheat

0.72

114

22

3.4

0.6

0.34

 

Wheat Bran

0.23

142

95

6.0

0.3

10.00

 

Rice Bran

0.22

117

72

6.5

1.0

13.00

 

DL-met

23.00

 

 

 

 

 

 

Bone-meal

0.56

 

 

 

300

140

 

Calcium Carbonate

1.12

 

 

 

400

 

 

Salt

0.42

 

 

 

 

 

1,000

How would you mix those raw materials, according to national standards, to produce 1kg mixed feedstuff with least cost?

Microeconomics, Economics

  • Category:- Microeconomics
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