A hog weighs 250 pounds. A high-yield diet allows the animal to gain 6 pounds a day at a cost of $0.56 a day. The market price for hogs is currently $0.75 per pound, but it is falling at a rate of $0.01 per day, and that price decline is expected to remain steady for the foreseeable future. When should the hog be sold in order to provide the farmer with the highest financial gain?

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The Answer of A hog weighs 250 pounds. A high-yield diet allows the animal to gain 6 pounds a day at a cost of $0.56 a day. The market price for hogs is currently $0.75 per pound, but it is falling at a rate of $0.01 per day, and that price decline is expected to remain steady for the foreseeable future. When should the hog be sold in order to provide the farmer with the highest financial gain?

A Hog Weighs 250 Pounds