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What is the best choice of the crop given a constraint of 1000 acres?

What is the best choice of the crop given a constraint of 1000 acres?

Practical Management Science
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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What is the best choice of the crop given a constraint of 1000 acres?

### Agricultural Yield and Costs This table provides detailed information on the yield, sales price, expenses, and acreage requirements for various crops. Below is a breakdown of each column and its respective data: #### Columns Description 1. **Yield**: The production output for each crop. - **Wheat**: 125 bushels - **Strawberries**: 12,000 pounds - **Sweet Corn**: 10 tons - **Perennial Ryegrass**: 1,500 pounds - **Green Beans**: 6.5 tons 2. **Sales Price**: The selling price per unit for each crop. - **Wheat**: $6.00 per bushel - **Strawberries**: $0.60 per pound - **Sweet Corn**: $117.00 per ton - **Perennial Ryegrass**: $0.62 per pound - **Green Beans**: $198.00 per ton 3. **Expenses/Acre**: The cost associated with cultivating each acre for each crop. - **Wheat**: $600 - **Strawberries**: $6,500 - **Sweet Corn**: $975 - **Perennial Ryegrass**: $700 - **Green Beans**: $1,024 4. **Min # of Acres**: The minimum acreage required for cultivation. - Each crop has a minimum requirement of 50 acres, except for strawberries, which require a minimum of 5 acres. 5. **Max # of Acres**: The maximum acreage that can be cultivated. - **Wheat**: 500 acres - **Strawberries**: 50 acres - **Sweet Corn**: 200 acres - **Perennial Ryegrass**: 500 acres - **Green Beans**: 200 acres This information is useful for agricultural planning, allowing for balanced decision-making regarding crop production based on financial and land considerations.
Transcribed Image Text:### Agricultural Yield and Costs This table provides detailed information on the yield, sales price, expenses, and acreage requirements for various crops. Below is a breakdown of each column and its respective data: #### Columns Description 1. **Yield**: The production output for each crop. - **Wheat**: 125 bushels - **Strawberries**: 12,000 pounds - **Sweet Corn**: 10 tons - **Perennial Ryegrass**: 1,500 pounds - **Green Beans**: 6.5 tons 2. **Sales Price**: The selling price per unit for each crop. - **Wheat**: $6.00 per bushel - **Strawberries**: $0.60 per pound - **Sweet Corn**: $117.00 per ton - **Perennial Ryegrass**: $0.62 per pound - **Green Beans**: $198.00 per ton 3. **Expenses/Acre**: The cost associated with cultivating each acre for each crop. - **Wheat**: $600 - **Strawberries**: $6,500 - **Sweet Corn**: $975 - **Perennial Ryegrass**: $700 - **Green Beans**: $1,024 4. **Min # of Acres**: The minimum acreage required for cultivation. - Each crop has a minimum requirement of 50 acres, except for strawberries, which require a minimum of 5 acres. 5. **Max # of Acres**: The maximum acreage that can be cultivated. - **Wheat**: 500 acres - **Strawberries**: 50 acres - **Sweet Corn**: 200 acres - **Perennial Ryegrass**: 500 acres - **Green Beans**: 200 acres This information is useful for agricultural planning, allowing for balanced decision-making regarding crop production based on financial and land considerations.
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