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I.M. Farmer raises 3 irrigated crops but is facing a shortage ofwater. I.M. needs some help deciding how a limited amount of water should
I.M. Farmer raises 3 irrigated crops but is facing a shortage ofwater. I.M. needs some help deciding how a limited amount of water should be allocated between the 3 different crops. Use the data in the table and the follow-ng prices to solve I.M.'s problem. Water - $8.00 per acre-inch Cauliflower $18.00 per cwt. $7.00 per cwt. Broccoli - $25.00 per cwt. Water (acre inches) Production (per acre) Marginal Value Product Cauliflower Cabbage Broccoli Cauliflower (cwt.) 55.0 71.6 77.6 82.4 85.6 90.6 97.0 97.8 98.0 Cabbage (cwt.) 173.0 197.4 218.2 237.4 253.2 255.7 271.9 274.0 275.2 275.6 274.0 Broccoli (cwt.) 49.5 60.2 68.6 74.6 80.0 88.4 90.8 92.0 92.0 90.5 50_40 43_20 36.00 28_80 25_20 24.00 21 _60 16_80 4_80 5893 48 53 44 80 3687 29 17 1447 490 280 093 -373 89.17 70.00 50.00 45.00 40.00 30.00 20.00 10.00 0.00 -12.50
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