It is estimated that t days from now a farmer's crop will be increasing at the rate of 0.5t2 +4(t+1)-1 bushels per day. By how much will the value of the crop increase during the next 6 days if the market price remains fixed at $2 per bushel?
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It is estimated that t days from now a farmer's crop will be increasing at the...
Question 4 1 pts A farmer estimates that if he picks his corn now his fields will yield 160 bushels per acre at a wholesale price of $4.4 per bushel. Each day he delays picking, he estimates his crop will increase by 3.1 bushels per acre, but the price will drop $O.05 per bushel. How many days should he delay picking to maximize the revenue he earns from his corn crop? Express your answer in days to the nearest whole...
3. In an isolated mountain village, the only crop is corn. Good harvests al ternate with bad harvests. This year the harvest will be 1,000 bushels. bushels. There is Corn can be stored from one year to the next, but rats will eat 25% of what is stored in a year. The villagers have Cobb-Douglas utility functions U(c1, C2) c1 c2, where C1 1s consumption this, and сг is consumption next year (a) Draw a "budget line," showing consumption possibilities...
It is estimated that t years from now the value V (in dollars) of an acre of land near the ghost town of Cherokee, California, will be increasing at the rate of V(_^') (t) =〖8t〗^3/√(〖0.2t〗^4+8000) dollars per year. If the land is currently worth $500 per acre, how much will it be worth in 10 years?
1.The Kees are small farmers in the wheat industry –they are price takers. Their cost function is: TC = 300,000 + 1,500Q + Q2 and MC = 1500 + 2Q. The market price is $3,000 per ton. Assuming the Kees are maximizing profits (or minimizing loses), how much profit are they making? 2.Good Grapes is selling organic grapes in a purely competitive market. Its output is 5000 pounds, which it sells for $5 a pound. At the 5000-pound level of output,...
(2)(a) Suppose that Loras corporation needs 100,000 euros 180 days from now. It is trying to determine whether or not to hedge this position. It developed the following probability distribution for the euro Possible value of the pound in 180 days: $1.40 1.45 1.48 1.50 1.53 1.55 Probability: The 180- day forward rate for the pound is S1.52 The spot rate for the pound is S1.49. Given the available information determine the expected value of the real cost of hedging...
(2)(a) Suppose that Loras corporation needs 100,000 euros 180 days from now. It is trying to determine whether or not to hedge this position. It developed the following probability distribution for the euro: Possible value of the pound in 180 days: $1.40 1.45 1.48 1.50 1.53 1.55 Probability: The 180-day forward rate for the pound is S1.52 The spot rate for the pound is S1.49. Given the available information determine the expected value of the real cost of hedging and...
A recent graduate decided to have $1 million ready for retirement 30 years from now. The estimated retirement money is estimated in today's dollars. Savings will be made each month and will be deposited into a mutual fund which is expected to earn 0.45% per month. If compounding is monthly and inflation rate is expected to be 2% per year for the next 30 years, how much should be saved per month? A recent graduate decided to have $1 million...
Use the scenario below to answer all of the questions. Show all of your work on handwritten pages. Take pictures of your page. Upload the pictures to this assessment on Engage. A farmer in upstate New York has a 100-acre farm to plant red beans and romaine lettuce. Every acre planted with beans requires 50 gallons of water per acre and consumes 20 pounds of fertilizer. Every acre planted with lettuce requires 75 gallons of water and 15 pounds of...
would love to see this be shown in two excel spreadsheets, but will need the work shown and solved out Cleveland Enterprises is considering the addition of a new product line. The firm would not need additional factory space, but it would require the purchase of $2.25 million of equipment installed. The equipment would be depreciated using a 7-year accelerated depreciation schedule. Additional inventory of 11% of the projected increase in next year's sales would be necessary prior to each...
Suppose now that the daily demand for the t-shirts is not deterministic. It is random with mean 2 and standard deviation 0.5. In addition, the lead time (the time it takes for an order to arrive at the store) is also random. Specifically, the mean lead time is six days and the standard deviation for the lead time is 1 day. The store uses an (s, Q) type inventory control policy. It sets the order quantity using the EOQ formula...