A farmer must decide how to allocate his 113 acres of land between corn, oats and wheat. It takes 2.3 hours per acre to harvest corn, 1.5 hours per acre to harvest oats and 1.9 hours per acre to harvest wheat. He can work up to 205 on the harvest. Additionally, his water supply is limited to 600000 gallons per day and it takes 5300, 6000 and 6920 gallons per day at their peak to water an acre of corn, oats and wheat, respectively. Each acre of corn generates $22 in profit, each acre of oats generates $26 and each acre of wheat generates $30.
If he wants to manage whole (not decimal/fractional) acres, what is the optimal allocation? (You may use Solver; provide integer values)
Corn: Oat: Wheat:
What is the farmer's profit under this allocation. $ ___/week (Round to two decimal places as needed.)
A farmer must decide how to allocate his 113 acres of land between corn, oats and wheat. It take...
A farmer owns 450 acres of land. He is going to plant each acre with wheat or corn. Each acre planted with wheat yields $2000 profit, requires three workers and requires two tons of fertilizer. Each acre planted with corn yields $3000 profit, requires two workers, and requires four tons of fertilizer. There are currently 1000 workers and 1200 tons of fertilizer available. The farmer wants to maximize his profit from planting his land. a) Write the managerial formulation for...
4. Consider a farmer, who has 500 acres of land, and rase grain, corn and sugar beet. In winter he wants to decide how much land he should devote for each crop in order to get maximum profit in the next autumn. The farmer needs 200 tons of wheat and 240 tons of corn to feed his cattle. These amounts can be either raised by himself or bought from an external wholesaler. If more than this amount is produced, the...
A purely competitive wheat farmer can sell any wheat he grows for $10 per bushel. His five acres of land show diminishing returns because some are better suited for wheat production than others. The first acre can produce 1,000 bushels of wheat, the second acre 900, the third 800, and so on. a. Fill in the table below to answer the following questions. How many bushels will each of the farmer’s five acres produce? How much revenue will each acre...
Please show work using matrices, thank you! A farmer has 400 acres of available land and $80,000 to spend He wants to plant the combination of crops which 'maximizes his profit. Complete parts a. through c below Profits and Constraints for Crops Potatoes Corn X2 $128 $40 Cabbage Total Number of Acres Cost (per acre Profit (peracre a. Give tne auai propiem X400 $320 $120 $224 S80,000 $60 2 subject to 320y2 120 128y20 2242 60 with y120, y2 20...
A farmer is planning his spring planting. He has 20 acres on which he can plant a combination of Corn, Pumpkins and Beans. He wants to maximize his profit but there is a limited demand for each crop. Each crop also requires fertilizer and irrigation water which are in short supply. There are only 50 acre ft of irrigation available and only 8,000 pounds/acre of fertilizer available. The following table summarizes the data for the problem. Crop Profit per Acre...
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...
please write step by step. thank you. 4-28. A farmer has subdivided his land into three plots and wants to plant three crops in each plot: corn, rice, and soy. Plot sizes, crop acreage, profit per acre, and manure needed (pounds per acre) are given in the table at the bottom of this page. The maximum acreage for each crop denotes the total acres of that crop that can be planted over all three plots. Currently there are 450,000 pounds...
Q 1: Clancy and Eileen are farmers. Each one owns a 20-acre plot of land. The following table shows the amount of corn and rye each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing corn or rye or to produce corn on some of the land and rye on the rest.CornRye(Bushels per acre)(Bushels per acre)Clancy205Eileen5010On the following graph, use the blue line (circle symbol) to plot Clancy's production possibilities...