25 A farmer is making plans for next years crop. He is considering planting corn, tomatoes, potatoes
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25 A farmer is making plans for next year’s crop. He is considering planting corn, tomatoes, potatoes and okra. The data he has collected, along with the availability of resources, are shown in the table at the bottom of this page. He can plant as many as 60 acres of land. Determine the best mix of crops to maximize the farm’s revenue.
CROP YIELD (bushels/acre)
REVENUE/
BUSHEL PLANTING (hours/acre)
TENDING (hours/acre)
HARVEST (hours/acre)
WATER (units/acre)
FERTILIZER (pounds/acre)
Corn 50 $55 10 2 6 2.5 50 Tomato 40 $85 15 8 20 3.0 60 Potato 46 $57 12 2 9 2.0 45 Okra 48 $52 18 12 20 3.0 35 Available 775 550 775 300 2,500
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Related Book For
Managerial Decision Modeling With Spreadsheets
ISBN: 9781292024196
3rd Edition
Authors: Barry Render
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