This lean ground beef is a mixture of two meat cuts: chuck and sirloin, both of which contain both lean and fat meat. Th

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This Lean Ground Beef Is A Mixture Of Two Meat Cuts Chuck And Sirloin Both Of Which Contain Both Lean And Fat Meat Th 1 (189.87 KiB) Viewed 23 times

This lean ground beef is a mixture of two meat cuts: chuck and sirloin, both of which contain both lean and fat meat. The cost per pound and percentage of lean meat and fat meat for these two cuts are as follows: Cut Lean Meat Fat Meat Cost Chuck 9% 2% $9.3/lb Sirloin 60% 6% $8.4 /1b In order for Jim's company to market its beef as "lean ground beef," it must contain at least 30% lean meat and at most 5% fat meat. Jim wishes to minimize his cost in creating his company's lean ground beef. Jim also needs to make at least 50 pounds of meat per day. Part 1 What is the optimal cost of creating this lean ground beef; i.e. what is the lowest price the company can pay by optimizing their chuck and sirloin purchases?