Afarmer has 30 acres on which to growtomatoes and corn. Each 100 bushels of tomatoes require 1000
Question:
Afarmer has 30 acres on which to growtomatoes and corn. Each 100 bushels of tomatoes require 1000 gallons of water and 5 acres of land. Each 100 bushels of corn require 6000 gallons of water and 2.5 acres of land. Labor costs are $1 per bushel for both corn and tomatoes. The farmer has available 30,000 gallons of water and $750 in capital. He knows that he cannot sell more than 500 bushels of tomatoes or 475 bushels of corn. He estimates a profit of $2 on each bushel of tomatoes and $3 on each bushel of corn.
a. How many bushels of each should he raise to maximize profits?
b. Next, assume that the farmer has the opportunity to sign a nice contract with a grocery store to grow and deliver at least 300 bushels of tomatoes and at least 500 bushels of corn. Should the farmer sign the contract? Support your recommendation.
c. Nowassume that the farmer can obtain an additional 10,000 gallons ofwater for a total cost of $50. Should he obtain the additional water? Support your recommendation.
Step by Step Answer:
A First Course In Mathematical Modeling
ISBN: 9781285050904
5th Edition
Authors: Frank R. Giordano, William P. Fox, Steven B. Horton