Chapter 12: Problem 20
A farmer has 70 acres of land available for planting either soybeans or wheat. The cost of preparing the soil, the workdays required, and the expected profit per acre planted for each type of crop are given in the following table. The farmer cannot spend more than \(\$ 1800\) in preparation costs and cannot use a total of more than 120 workdays. How many acres of each crop should be planted to maximize the profit? What is the maximum profit? What is the maximum profit if the farmer is willing to spend no more than \(\$ 2400\) on preparation?
Short Answer
Step by step solution
Key Concepts
These are the key concepts you need to understand to accurately answer the question.