Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 04 Jun 2017 My Price 8.00

an economic interpretation of the shadow

  1. 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:

 

 

 

Calcium

 

Milk (1 oz.)

2

 

Cereal (1 oz.)

2

Protein

2

6

Calories

6

2

Price

$.10

$.15

 

She seeks a diet that supplies at least 50 units of calcium, 90 units of protein, and 66 calories at minimum cost.

    1. Formulate, graph, and solve this decision problem. What is the minimum cost of meeting the nutrient requirements?

    2. Calculate and provide an economic interpretation of the shadow price associated with calcium.

Answers

Maurice Tutor
(5)
Status NEW Posted 04 Jun 2017 11:06 PM My Price 8.00

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