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NOTE: all Linear Programming models must be complete and written in the standard form and describe evry term and every coefficient in all Excel Solver
NOTE: all Linear Programming models must be "complete" and written in the standard form and describe evry term and every coefficient in all Excel Solver spreadsheets. 2. The Bradley family owns 410 acres of farmland in North Carolina on which they grow com and tobacco. Each acre of com costs S105 to plant, cultivate, and harvest. Each acre of tobacco costs S210 by the same token. The Bradleys have a budget of S52,500 for next year. The government limits the number of acres of tobacco that can be planted to 100. The profit from each acre of com is $300; the profit from each acre of tobacco is $520. The Bradleys want to know how many acres of each crop to plant in order to maximize their profit. a) Formulate a LP model and solve. b) The Bradleys have an opportunity to lease some extra land from a neighbor. The neighbor is offering the land to them for $110 per acre. Should the Bradleys lease the land at that price? If not, what is the maximum price they should pay to lease their neighbor's land, and how many acres should they lease at that price? The Bradleys are also considering taking out a loan to increase their budget. For each dollar they bormow, how much additional profit would they make c)
NOTE: all Linear Programming models must be "complete" and written in the standard form and describe evry term and every coefficient in all Excel Solver spreadsheets.
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