An athlete carefully watches her intake of calcium, protein, and calories. Her breakfast diet consists mainly of
Question:
An athlete carefully watches her intake of calcium, protein, and calories. Her breakfast diet consists mainly of milk and cereal, whose prices and nutrient contents appear in the following table:
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She seeks a diet that supplies at least 50 units of calcium, 90 units of protein, and 66 calories at minimum cost.
a. Formulate, graph, and solve this decision problem. What is the minimum cost of meeting the nutrient requirements?
b. Calculate and provide an economic interpretation of the shadow price associated withcalcium.
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a The formulation is Minimize 1M 15C Subject to 2M 2C 50 calcium 2M 6C 90 p...View the full answer
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Related Book For 
Managerial economics
ISBN: 978-1118041581
7th edition
Authors: william f. samuelson stephen g. marks
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