Write the mathematical model and use Solver sensitivity analysis to answer the following question: A farm co-op has 6,001 acres available to plant with corn and soybeans. Each acre of corn requires 9 gallons of fertilizer/herbicide and 0.75 hour of labor to harvest. Each acre of soybeans requires 3 gallons of fertilizer/herbicide and 1 hour of labor to harvest. The co-op has available at most 40,500 gallons of fertilizer/herbicide and at most 5,250 hours of labor for harvesting. Find the shadow price associated with the "fertilize/herbicide" constraint if the profits per acre are $65 for corn and $45 for soybeans. Round your answer to the nearest cent if necessary. A$0.00 B$1.11 C$2.22 D$3.33 E$4.44
Write the mathematical model and use Solver sensitivity analysis to answer the following question: A farm co-op has 6,001 acres available to plant with corn and soybeans. Each acre of corn requires 9 gallons of fertilizer/herbicide and 0.75 hour of labor to harvest. Each acre of soybeans requires 3 gallons of fertilizer/herbicide and 1 hour of labor to harvest. The co-op has available at most 40,500 gallons of fertilizer/herbicide and at most 5,250 hours of labor for harvesting. Find the shadow price associated with the "fertilize/herbicide" constraint if the profits per acre are $65 for corn and $45 for soybeans. Round your answer to the nearest cent if necessary. A$0.00 B$1.11 C$2.22 D$3.33 E$4.44
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...
Related questions
Question
![Write the mathematical model and use Solver
sensitivity analysis to answer the following
question:
A farm co-op has 6,001 acres available to
plant with corn and soybeans. Each acre of
corn requires 9 gallons of fertilizer/herbicide
and 0.75 hour of labor to harvest. Each acre of
soybeans requires 3 gallons of
fertilizer/herbicide and 1 hour of labor to
harvest. The co-op has available at most
40,500 gallons of fertilizer/herbicide and at
most 5,250 hours of labor for harvesting. Find
the shadow price associated with the
"fertilize/herbicide" constraint if the profits per
acre are $65 for corn and $45 for soybeans.
Round your answer to the nearest cent if
necessary.
A$0.00
B$1.11
C$2.22
D$3.33
E$4.44](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1d3e93a0-16fd-4c94-a49a-ef9076250002%2Fcee4e367-2b66-4d5f-af57-7bb417fbc927%2F1u3u8vf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Write the mathematical model and use Solver
sensitivity analysis to answer the following
question:
A farm co-op has 6,001 acres available to
plant with corn and soybeans. Each acre of
corn requires 9 gallons of fertilizer/herbicide
and 0.75 hour of labor to harvest. Each acre of
soybeans requires 3 gallons of
fertilizer/herbicide and 1 hour of labor to
harvest. The co-op has available at most
40,500 gallons of fertilizer/herbicide and at
most 5,250 hours of labor for harvesting. Find
the shadow price associated with the
"fertilize/herbicide" constraint if the profits per
acre are $65 for corn and $45 for soybeans.
Round your answer to the nearest cent if
necessary.
A$0.00
B$1.11
C$2.22
D$3.33
E$4.44
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
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 2 steps with 7 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
![Operations Management](https://www.bartleby.com/isbn_cover_images/9781259667473/9781259667473_smallCoverImage.gif)
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
![Operations and Supply Chain Management (Mcgraw-hi…](https://www.bartleby.com/isbn_cover_images/9781259666100/9781259666100_smallCoverImage.gif)
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
![Operations Management](https://www.bartleby.com/isbn_cover_images/9781259667473/9781259667473_smallCoverImage.gif)
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
![Operations and Supply Chain Management (Mcgraw-hi…](https://www.bartleby.com/isbn_cover_images/9781259666100/9781259666100_smallCoverImage.gif)
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
![Business in Action](https://www.bartleby.com/isbn_cover_images/9780135198100/9780135198100_smallCoverImage.gif)
![Purchasing and Supply Chain Management](https://www.bartleby.com/isbn_cover_images/9781285869681/9781285869681_smallCoverImage.gif)
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
![Production and Operations Analysis, Seventh Editi…](https://www.bartleby.com/isbn_cover_images/9781478623069/9781478623069_smallCoverImage.gif)
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.