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The Village Butcher Shop traditionally makes its meat loaf from a combination of lean ground beef and ground pork. The ground beef contains 80 percent meat and 20 percent fat, and costs the shop 80 cents per pound; the ground pork contains 68 percent meat and 32 percent fat, and costs 60 cents per pound. Formulate a linear program to determine the amount each kind of meat that the shop should use in each pound of meat loaf if it wants to minimize its cost and to keep the fat content of the meat loaf to no more than 25 percent.
Speed and Cost
Considerations in decision-making, focusing on how quickly actions can be taken and the expenses involved.
Private Trial
An ADR method in which a referee is selected and paid by the disputing parties to offer a legally binding judgment in a dispute.
"Rent-a-Judge"
A private adjudication service where parties in a dispute pay for a retired judge or private arbitrator to resolve their case outside of the public court system.
Dispute Resolution
The procedure for resolving disagreements or conflicts between parties, which can include negotiation, mediation, or arbitration.
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