Mathematics, 21.10.2020 16:01 mikk33

A farmer has 107 acres on which to plant oats or corn. Each acre of oats requires $18 capital and 2 hours of labor. Each acre of corn requires $36 capital and 6 hours of labor. Labor costs are $8 per hour. The farmer has $2100 available for capital and $2400 available for labor. If the revenue is $47 from each acre of oats and $111

from each acre of corn, what planting combination will produce the greatest total profit? (Profit here is revenue plus leftover capital and labor cash reserve.) What is

the maximum profit?

orn

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A farmer has 107 acres on which to plant oats or corn. Each acre of oats requires $18 capital and 2...