A farmer in Wood County has 900 acres of land. She is going to plant each acre with corn, soybeans, or wheat. Each acre planted with corn yields a $2000 profit; each with soybeans yields a $2,500 profit; and each with wheat yields a $3,000 profit. She has 100 workers and 150 tons of fertilizer. The table below shows the requirement per acre of each of the crops. Assuming a linear relationship, use Excel Solver to determine the optimal planting mix of corn, soybeans, and wheat to maximize her profits. Corn Soybeans Wheat Labor(workers) 0.1 0.3 0.2 Fertilizer(tons) 0.2 0.1 0.4
A farmer in Wood County has 900 acres of land. She is going to plant each acre with corn, soybeans, or wheat. Each acre planted with corn yields a $2000 profit; each with soybeans yields a $2,500 profit; and each with wheat yields a $3,000 profit. She has 100 workers and 150 tons of fertilizer. The table below shows the requirement per acre of each of the crops. Assuming a linear relationship, use Excel Solver to determine the optimal planting mix of corn, soybeans, and wheat to maximize her profits. Corn Soybeans Wheat Labor(workers) 0.1 0.3 0.2 Fertilizer(tons) 0.2 0.1 0.4
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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A farmer in Wood County has 900 acres of land. She is going to plant each acre with corn, soybeans, or wheat. Each acre planted with corn yields a $2000 profit; each with soybeans yields a $2,500 profit; and each with wheat yields a $3,000 profit. She has 100 workers and 150 tons of fertilizer. The table below shows the requirement per acre of each of the crops. Assuming a linear relationship, use Excel Solver to determine the optimal planting mix of corn, soybeans, and wheat to maximize her profits.
Corn Soybeans Wheat
Labor(workers) 0.1 0.3 0.2
Fertilizer(tons) 0.2 0.1 0.4
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