File Home Insert Draw Design Layout Rererer Malins Review view help own Shd Times New Roman 12 BI U x, x po APA - Aa A Paste Styles Editing Dictate w BAL Font Paragraph 5 Styles Voice Clipboard Word II. DETERMINING OPTIMAL FEED USE Do N Feed-gain relationships for hogs in deylot are reported in the table below. (All other inputs held constant). Complete the table and answer the questions below. Assume feed costs $6.75 per 100 16. unit and hogs sell for $45 per cwt (S.45 lb.) One 2 P int Pub 2 Pounds of Feed Weight Gain ( (100 lb units) Beyond Weaning 0 0 1 1 40 2 70 3 95 4 115 5 130 6 143 7 155 Average Physical Product XXX 40.00 35 00 32.60 28 75 26.00 23.80 22 14 Marginal Marginal Marginal Marginal Physical Value Input Product Product Cost XXX XXX xoxx 40 00 18.00 6.75 30 00 13.50 6.75 25.00 11.25 6.75 20.00 9.00 6.75 15.00 6.75 6.75 1300 5.85 6.75 12.00 5.46. 6.75 GO che units 1. What is the profit maximizing amount of feed to use? 2. With a feed cost of $9.00 per unit, how much should be used kDown rowser a) When hogs sell for $45/ewt? unts b) When hogs sell for $40/cwt? units 3. Now assume a farmer can acquire any amount of feed at no cost. McAfee Sound ecurity SC for v units a) How much feed should be used under these conditions? C b) What is the marginal input cost of feed under these conditions? NCH Suite Wond Filr 30% Page 3 of 3 Focus 426 words DS a a Type here to search