In the feeder pig scenario, the feed costs were $50.00 per hog. The feed cost per pound of gain was

Study for the FFA Farm Business Management Contest Exam. Prepare with versatile practice questions, flashcards, and in-depth explanations. Boost your readiness for success!

Multiple Choice

In the feeder pig scenario, the feed costs were $50.00 per hog. The feed cost per pound of gain was

Explanation:
The amount paid for each pound of weight the pig gains is found by dividing the total feed cost per pig by the total pounds of gain the pig achieves. In this scenario, the pig uses about 172 pounds of gain, so the calculation is 50 divided by 172, which equals approximately 0.29. That means it costs about 29 cents in feed for every pound the pig gains. If the pig had gained more weight, the cost per pound would be lower; if it gained less, the cost per pound would be higher.

The amount paid for each pound of weight the pig gains is found by dividing the total feed cost per pig by the total pounds of gain the pig achieves. In this scenario, the pig uses about 172 pounds of gain, so the calculation is 50 divided by 172, which equals approximately 0.29. That means it costs about 29 cents in feed for every pound the pig gains. If the pig had gained more weight, the cost per pound would be lower; if it gained less, the cost per pound would be higher.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy