Agriculture Your small farm encompasses 130 acres, and you are planning to grow tomatoes, lettuce, and carrots in the coming planting season. Fertilizer costs per acre are: $5 for tomatoes, $4 for lettuce, and $2 for carrots. Based on past experience, you estimate that each acre of tomatoes will require an average of 4 hours of labor per week, while tending to lettuce and carrots will each require an average of 2 hours per week. You estimate a profit of $3,000 for each acre of tomatoes, $1,400 for each acre of lettuce and $400 for each acre of carrots. You would like to spend at least $520 on fertilizer (your niece owns the company that manufactures it) and your farm laborers can supply up to 650 hours per week. How many acres of each crop should you plant to maximize total profits?
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- Agriculture Your small farm encompasses 110 acres, and you are planning to grow tomatoes, lettuce, and carrots in the coming planting season. Fertilizer costs per acre are: $5 for tomatoes, $4 for lettuce, and $2 for carrots. Based on past experience, you estimate that each acre of tomatoes will require an average of 4 hours of labor per week, while tending to lettuce and carrots will each require an average of 2 hours per week. You estimate a profit of $3,000 for each acre of tomatoes, $1,400 for each acre of lettuce and $450 for each acre of carrots. You would like to spend at least $440 on fertilizer (your niece owns the company that manufactures it) and your farm laborers can supply up to 550 hours per week. How many acres of each crop should you plant to maximize total profits? X acre(s) X acre(s) tomatoes lettuce carrots acre(s) profit In this event, will you be using all 110 acres of your farm? Yes Noarrow_forwardA toy factory creates miniature steel train engines and box cars. The fabrication department has 3,679 minutes available per week and the assembly and finishing department has 3,099 minutes available per week. Manufacturing one miniature steel train engine requires 8 minutes of fabrication and 5 minutes of assembling and finishing. Manufacturing one miniature steel box car requires 4 minutes of fabrication and 5 minutes of assembling and finishing. The profit on each miniature steel train engine is $8.00 and the profit on each miniature steel box car is $7.25. How many steel train engines and steel box cars should be produced each week to obtain the maximum profit? Find the maximum weekly profit. (Use x for box car and y for train engine.) Maximize P subject to %3D < 3, 679 < 3, 099 Enter the solution to the simplex matrix below. If there is no solution enter 'DNE' in the boxes below. If more than one solution exists, enter only one of the multiple solutions below. If needed round toys…arrow_forwardKane Manufacturing has a division that produces two models of grates, model A and model B. To produce each model A grate requires 3 pounds of cast iron and 6 minutes of labor. To produce each model B grate requires 4 pounds of cast iron and 3 minutes of labor. The profit for each model A grate is $1.75, and the profit for each model B grate is $1.25. Available for grate production each day are 1000 pounds of cast iron and 20 labor-hours. Because of an excess inventory of model A grates, management has decided to limit the production of model A grates to no more than 180 grates per day. Maximize P = 1.75x + 1.25y subject to 3x + 4y ≤ 1000 Resource 1 6x + 3y ≤ 1200 Resource 2 x ≤ 180 Resource 3 y ≥ 0 x ≥ 0 (a) Find the shadow price for Resource 2. (Round your answer to the nearest cent.)$ (b) Identify the binding and nonbinding constraints. constraint 1 constraint 2 constraint 3arrow_forward
- A manufacturer produces two models of toy airplanes. It takes the manufacturer 32 minutes to assemble model A and 8 minutes to package it. It takes the manufacturer 20 minutes to assemble model B and 10 minutes to package it. In a given week, the total available time for assembling is 3200 minutes, and the total available time for packaging is 960 minutes. Model A earns a profit of $10 for each unit sold and model B earns a profit of $8 for each unit sold. Assuming the manufacturer is able to sell as many models as it makes, how many units of each model should be produced to maximize the profit for the given week? Note that the ALEKS graphing calculator can be used to make computations easier. k trol Model A: unit(s) Model B: unit(s) Continue 1 Q A 2 option X NO 2 Z W S 5 # 3 ME P X E H command $ 4 D 9 R C % 5 F T A V 6 FO G Y 8 7 B Submit A © 2023 McGraw HRLLC Al Rights Reserved forms of Use | Plicy Center the # WY 8 U Deft FN J N 3 9 K M O < P 1 garrow_forwardQ: The Morton Supply Company produces clothing, footwear, and accessories for dancing and gymnastics. They produce three models of pointe shoes used by ballerinas to balance on the tips of their toes. The shoes are produced from four materials: cardstock, satin, plain fabric, and leather. The number of square inches of each type of material used in each model of shoe, the amount of material available, and the profit/model are shown below: Material (measured in square inches) Model 1 Model 2 Model 3 Material Available Cardstock 12 10 14 1200 Satin 24 20 15 2000 Plain fabric 40 40 30 7500 Leather 11 11 10 1000 Profit per model $50 $44 $40 a) Generate the Answer Report using SOLVER in EXCEL. Then, clearly answer what is the optimal solution? What is the resulting profit? b) Generate the Sensitivity Report for the model that you built. Interpret, in context, the Shadow Price for the Leather and the Satin constraints. Include units in your interpretations.arrow_forward
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