Question

In: Economics

If cattle are processed at 950 pounds. and each head of cattle produces 700 pounds of...

If cattle are processed at 950 pounds. and each head of cattle produces 700 pounds of retail meat. If the cattle quantity is 5500 pounds, what is the retail-equivalent quantity (in pounds of retail beef)?

Solutions

Expert Solution

Retail-equivalent quantity:

This would be calculated in unitary method.

950 pounds can give 700 pounds quantity

1 pound can give (700/950) pounds quantity

5500 pounds can give (700/950) × 5500 quantity

Hence,

Required quantity = (700/950) × 5500

                             = (700 × 5500) / 950

                             = 3,850,000 / 950

                             = 4,052.63 pounds (Answer)

Rahul Sunny answered 2 years ago
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