Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A Dutch farmer has in total 282 hectares of farm land on which he grows three types of vegetables: Kale, Asparagus and Leek. - 50%

image text in transcribed
image text in transcribed
A Dutch farmer has in total 282 hectares of farm land on which he grows three types of vegetables: Kale, Asparagus and Leek. - 50% of the farm land are suitable for Kale and Asparagus only. - The remaining 50% of the farm land are suitable for all three types of vegetables. There is an unlimited supply of labour for all kinds of farm work. The market requires the production of a minimum of 8 400 boxes of each type of vegetable. The other limitation is that not more than 31 600 boxes of any one vegetable should be produced. The farmer has decided that the area devoted to any vegetable should be In terms of complete hectares. Leek Kale Asparagus Annual yield, boxes per hectare 290 450 90 Direct costs, E Materials, per hectare 145 126 77 Labor, per hectare 299 284 325 Harvesting, per box 3 3 3 Transport, per box 2 2 2 Price, E per box 18.6 10.8 63.9 Total fixed overhead per annum for all three types of vegetables 133 000. Using the information above, how should the farmer allocate the farm land to maximize his/ her total profit? [Round your answer to the nearest Integer.] To Kale: hectares To Leek: hectares To Asparagus: hectares

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles Volume 2

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

8th Canadian Edition

1119502551, 1-119-50255-5, 978-1119502555

More Books

Students also viewed these Accounting questions

Question

=+24. Friday the 13th, accidents. The researchers in Exercise

Answered: 1 week ago

Question

14. Now reconcile what you answered to problem 15 with problem 13.

Answered: 1 week ago