A farmer has 1000 acres of land on which he can grow com, wheat, and soybean. The following table lists the cost of preparation for each acre, man-days of work required and profit yielded in $. The farmer has $100,000 for preparation and can count on 8000 man-days of work. How will the farmer allocate his land to get maximum profit? Cost ($) Work Days Profit ($) Corn 100 7 30 Wheat 120 10 40 Soybean 70 8 20
A farmer has 1000 acres of land on which he can grow com, wheat, and soybean. The following table lists the cost of preparation for each acre, man-days of work required and profit yielded in $. The farmer has $100,000 for preparation and can count on 8000 man-days of work. How will the farmer allocate his land to get maximum profit? Cost ($) Work Days Profit ($) Corn 100 7 30 Wheat 120 10 40 Soybean 70 8 20
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
Related questions
Question
100%
Instructions: Solve using Excel Solver. Create the linear programming model and get the optimal solution to the problem. (Follow the steps and format in the photo below)
2. A farmer has 1000 acres of land on which he can grow com, wheat, and soybean. The following table lists the cost of preparation for each acre, man-days of work required and profit yielded in $. The farmer has $100,000 for preparation and can count on 8000 man-days of work. How will the farmer allocate his land to get maximum profit?
Cost ($) |
Work Days |
Profit ($) |
|
Corn |
100 |
7 |
30 |
Wheat |
120 |
10 |
40 |
Soybean |
70 |
8 |
20 |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 5 steps with 3 images
Recommended textbooks for you
Algebra and Trigonometry (6th Edition)
Algebra
ISBN:
9780134463216
Author:
Robert F. Blitzer
Publisher:
PEARSON
Contemporary Abstract Algebra
Algebra
ISBN:
9781305657960
Author:
Joseph Gallian
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Algebra and Trigonometry (6th Edition)
Algebra
ISBN:
9780134463216
Author:
Robert F. Blitzer
Publisher:
PEARSON
Contemporary Abstract Algebra
Algebra
ISBN:
9781305657960
Author:
Joseph Gallian
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Algebra And Trigonometry (11th Edition)
Algebra
ISBN:
9780135163078
Author:
Michael Sullivan
Publisher:
PEARSON
Introduction to Linear Algebra, Fifth Edition
Algebra
ISBN:
9780980232776
Author:
Gilbert Strang
Publisher:
Wellesley-Cambridge Press
College Algebra (Collegiate Math)
Algebra
ISBN:
9780077836344
Author:
Julie Miller, Donna Gerken
Publisher:
McGraw-Hill Education