Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Maho Aa owns 450 acres of land. Each acre planted with wheat yields $200 profit; each with barley yields $170 profit and each with

image text in transcribed

Maho Aa owns 450 acres of land. Each acre planted with wheat yields $200 profit; each with barley yields $170 profit and each with corn yields $300 profit. The labor and fertilizer used for each acre are given in the table below. One thousand workers and 1200 tons of fertilizer are available. Wheat Barley Corn Labor Fertilizer 3 2 2 2 2 4 Solving Maho Aa's problem for profit maximization yielded the following simplex tableau BV Z x1 25 23 12 0100 22 23 4 25 26 RHS 30 1 -1 0 1001 100 10 50 100000 2 0 -0.5 200 -4 1 0.5 0 -1 0 0.5 200 (x1, x2, x3 are acres of land planted with wheat, barley and corn respectively. First constraint is land, second constraint is labor and third constraint is fertilizer) Check all correct statements: ) If additional workers can be hired at $75 per person, Maho Aa should hire additional workers. 5) If profit per acre of wheat were to decrease to $190, current solution would remain optimal. =) If profit per acre of corn were to increase to $350, current solution would remain optimal. d) If additional land can be rented at $75 per acre, Maho Aa should rent additional land. e) If additional fertilizer can be bought at $75 per ton, Maho Aga should buy additional fertilizer

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

Management and Cost Accounting

Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, George Foster

4th edition

1405888202, 978-0273711490, 273711490, 978-1405888202

More Books

Students also viewed these Accounting questions