For questions 1 through 5, compute the price ratio and find the corresponding least-cost ration. For each question, 1 point for each correct price ratio and 1 point for each correct Least-Cost Ration Number 1. Corn price per lb. $ 0.035 SFM price per lb. $ 0.30Price RatioLeast-Cost Ration Number 2.Corn price per lb. $ 0.025 SFM price per lb. $ 0.30 Price RatioLeast-Cost Ration Number 3.Corn price per lb. $ 0.125 SFM price per lb. $ 0.145 Price RatioLeast-Cost Ration Number 4.Corn price per lb. $ 0.04SFM price per lb. $ 0.33 Price Ratio Least-Cost Ration Number 5.Corn price per lb. $ 0.04SFM price per lb. $ 0.30 Price Ratio Least-Cost Ration Number 6. Using the prices in question 1 above, calculate the total cost of the least-cost ration you selected for question 1 and for Ration #10. How much money would you save by feeding your least-cost ration instead of Ration #10? SHOW YOUR WORK! (4 points) 7. What happens to the least-cost ration if the price of both corn and SFM doubles? WHY?(2 points) ? 8. What happens to the substitution ratios you have calculated if the corn values are all 10 lbs. higher? (2 point)? 9. If the corn values are all 10 lbs. higher, what happens to the total cost of any of the least-cost rations? (2 points)?

You are managing a hog finishing barn containing 500 pigs on feed. Your pigs currently weigh 125 lbs. Research has shown that any one of the following combinations of corn and sunflower meal (SFM) will put another 150 1bs. of gain on each pig before you send them to market. Your assignment is to find the ration number that will put on the 150 lbs. of gain at the least cost. Complete the table and use the data to answer the questions that follow. Ration Corn SFM Substitution Number (Ibs. ) (Ibs.) Ratio 1512.0 35 XXX N - 1410.0 40 1336.0 45 1267.0 50 1205.0 55 6 1149.0 60 1095.0 65 1051.0 70 9 1013.0 75 10 978.0 80