A cow currently weighs 800 lb and is gaining 35 lb per week. It costs $6.50 a
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A cow currently weighs 800 lb and is gaining 35 lb per week. It costs $6.50 a week to maintain the cow. The market price today is $0.95 per pound but is falling $0.01 per day. Formulate a mathematical model and find the optimal period to keep the cow until it is sold to maximize profits.
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Related Book For
A First Course In Mathematical Modeling
ISBN: 9781285050904
5th Edition
Authors: Frank R. Giordano, William P. Fox, Steven B. Horton
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