1. The problem statement, all variables and given/known data A steer weighing 300 pounds gains 8 pounds per day and costs 1.00 dollar a day to keep. You bought this steer today at market price of 1.50 dollars per pound. However, the market price is falling 2 cents per pound per day. When should you sell the steer in order to maximize your profit? 2. Relevant equations -None- 3. The attempt at a solution Well, I figured out the basics but don't know where to go from there. Total cost for steer: $450 ---> 1.50 dollars x 300 pounds You lose $9 + $1= losing $10 per day ----> market falling 2 cents per day per pound + 1 dollar a day to keep How does the gaining of 8 pounds per day come into play? Would it mean you increasing value of 8 pounds x 1.50 dollars per day = 12 dollars a day? But then it doesn't make sense as if you are gaining more than you lose, why sell? Please help and any help is greatly appreciated.