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(8 points) A soybean farmer produces beans for soybean meal and soybean oil. She has fixed costs of $500 and variable costs of X' On

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(8 points) A soybean farmer produces beans for soybean meal and soybean oil. She has fixed costs of $500 and variable costs of X' On her X acres, she produces 50X- pounds for meal and 100X pounds of for oil. The price she receives for meal and oil are $.55/pound and $1.00/pound, respectively. How many acres should she plant to maximize profit and what will that profit be

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