Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A farmer plans to plant two crops, A and B. The cost of cultivating Crop A is $50/acre, whereas the cost of cultivating Crop

  

A farmer plans to plant two crops, A and B. The cost of cultivating Crop A is $50/acre, whereas the cost of cultivating Crop B is $60/acre. The farmer has a maximum of $7,100 available for land cultivation. Each acre of Crop A requires 20 labor-hours, and each acre of Crop B requires 25 labor-hours. The farmer has a maximum of 3,200 labor-hours available. If she expects to make a profit of $170/acre on Crop A and $210/acre on Crop B, how many acres of each crop, x and y respectively, should she plant to maximize her profit P in dollars? Maximize P = cost labor X0 y0 subject to the constraints

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_2

Step: 3

blur-text-image_3

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

Finite Mathematics and Its Applications

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair

12th edition

978-0134768588, 9780134437767, 134768582, 134437764, 978-0134768632

More Books

Students also viewed these Finance questions

Question

Where did the faculty member get his/her education? What field?

Answered: 1 week ago