A farmer has
Suppose the farmer has budgeted a maximum of
a. Determine the number of acres of each crop that the farmer should plant to maximize profit. (Assume that all crops will be sold.)
b. What is the maximum profit?
c. If the profit per acre were reversed between the two crops (that is,
Want to see the full answer?
Check out a sample textbook solutionChapter 8 Solutions
ALEKS 360 WEB (1 YEAR)
Additional Math Textbook Solutions
Calculus and Its Applications (11th Edition)
Thomas' Calculus: Early Transcendentals (14th Edition)
University Calculus: Early Transcendentals (4th Edition)
Calculus: Early Transcendentals (2nd Edition)
Calculus: Early Transcendentals (3rd Edition)
Single Variable Calculus: Early Transcendentals (2nd Edition) - Standalone book
- At the Pizza Dude restaurant, a 12-in. pizza costs 5.40 to make, and the manager wants to make at least 4.80 from the sale of each pizza. If the pizza will be sold by the slice and each pizza is cut into 6 pieces, what is the minimum charge per slice?arrow_forwardIf you are performing a break-even analysis for a business and their cost and revenue equations are dependent, explain what this means for the company's profit margins.arrow_forwardIf you graph a revenue and cost function, explain how to determine in what regions there is profit.arrow_forward
- Suppose the coal and steel industries form a closed economy. Every $1 produced by the coal industry requires $0.30 of coal and $0.70 of steel. Every $1 produced by steel requires $0.80 of coal and $0.20 of steel. Find the annual production (output) of coal and steel if the total annual production is $20 million.arrow_forwardSuppose that a company needs 1,500,000 items during a year and that preparation for each production run costs $900. Suppose also that it costs $14 to produce each item and $3 per year to store an item. Use the inventory cost model to find the number of items in each production run so that the total costs of production and storage are minimized.arrow_forwardA furniture store expects to sell 120 coffee tables during the next year. It costs $1.50 to store one coffee table for one year. To reorder, there is a fixed cost of $10, plus $2.80 for each coffee table ordered. In what lot size and how many times per year should an order be placed to minimize inventory costs? coffee tables per order orders per yeararrow_forward
- The following table shows the expenses and income for a local college student. Assume that amounts shown for salaries and wages are after taxes and that 1 month = 4 weeks. Income Expenses Part-time Job: $1100/month Rent: $550/month Student Loans: $8400/year Groceries: $50/week Scholarship: $5700/year Tuition and Fees: $7500/year Health Insurance: $40/month Entertainment: $40/week Phone: $65/month a) What is the student's monthly income? b) What is the student's monthly expenses? c) What is the student's net monthly cash flow?arrow_forwardThe amount of nitrogen (in lb/acre), phosphate (in lb/acre), and labor (in hr/acre) needed to grow honeydews, yellow onjons, and lettuce is given by the table to the right. Complete parts a and b. OA. Yes, the farmer should allot B. No, it is not possible to use all resources completely. acres for honeydew, for yellow onions, and acres for lettuce. Honeydews 120 Nitrogen Phosphate 180 Labor 5 a) If the farmer has 230 acres, 30,300 lb of nitrogen, 34,400 lb of phosphate, and 400 hours of labor, is it possible to use all resources completely? If so, how many acres should he allot for each crop? Select the correct choice below and, if necessary, fill in the answer box to complete your choice. ⒸA. Yes, the farmer should allot acres for honeydew, OB. No, it is not possible to use all resources completely. Yellow onions 150 acres for lettuce. 80 6 Lettuce b) Suppose everything is the same as in part a, except that 1180 hours of labor are available. Is it possible to use all resources…arrow_forwardPlease answer in paper, do not use excel. Thank youarrow_forward
- Linear Algebra: A Modern IntroductionAlgebraISBN:9781285463247Author:David PoolePublisher:Cengage LearningGlencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillCollege Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning
- Elementary Geometry For College Students, 7eGeometryISBN:9781337614085Author:Alexander, Daniel C.; Koeberlein, Geralyn M.Publisher:Cengage,Trigonometry (MindTap Course List)TrigonometryISBN:9781337278461Author:Ron LarsonPublisher:Cengage Learning