Afarmer can buy two types of plant food, mix a and mix b. each cubic yard of mix a contains 20 pounds of phosphoric acid, 30 pounds of nitrogen, and 5 pounds of potash. each cubic yard of mix b contains 10 pounds of phosphoric acid, 30 pounds of nitrogen, and 10 pounds of potash. the minimum monthly requirements are 450 pounds of phosphoric acid, 930 pounds of nitrogen, and 220 pounds of potash. if mix a costs $30 per cubic yard and mix b costs $35 per cubic yard, how many cubic yards of each mix should the farmer blend to meet the minimum monthly requirements at a minimum cost? what is this cost?

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan