ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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1-28 A farmer must decide what combination of seed,
water, fertilizer, and pest control will be most prof-
itable for the coming year. The local agricultural
college did a study of this farmer's situation and
prepared the following table.
Plan
Cost/acre
Income/acre
A
$ 600
$ 800
В
1500
1900
C
1800
2250
D
2100
2500
(e) Select the criterion for determining the best alter-
native.
(f) Construct a model.
(g) Predict each alternative's outcomes or conse-
quences.
(h) Choose the best alternative.
(i) Audit the result.
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Transcribed Image Text:1-28 A farmer must decide what combination of seed, water, fertilizer, and pest control will be most prof- itable for the coming year. The local agricultural college did a study of this farmer's situation and prepared the following table. Plan Cost/acre Income/acre A $ 600 $ 800 В 1500 1900 C 1800 2250 D 2100 2500 (e) Select the criterion for determining the best alter- native. (f) Construct a model. (g) Predict each alternative's outcomes or conse- quences. (h) Choose the best alternative. (i) Audit the result.
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