Three countries, the United States, Russia, and the United Kingdom, all both use and grow rice, soybeans and corn. It is known how much labor is needed to produce one ton of each crop per acre in each country. What is the best domestic planting and import program for each country that makes most efficient use of labor but also satisfies all demand? The relevant data are given in the following table. The costs are labor costs per ton per acre.

Quantitatively analyze the situation and answer the following multiple choice questions.
1. How much rice should be produced in the UK?
a. 40 acres.
b. 44 acres.
c. 48 acres.
d. 52 acres.
e. 56 acres.
2. Which country will produce all three crops?
a. US.
b. Russia.
c. UK.
3. What crops will be produced in Russia?
a. Rice and corn.
b. Soybeans and rice.
c. Rice.
d. Soybeans.
e. Succotash
4. What is the minimum production cost?
a. $1108
b. $1208
c. $1308
d. $1408
e. $1508

Transcribed Image Text:

U.S. U.K. Demand In acres Russia Rice 92 28 13 Soybeans 11 Com 12 30 12 48 Capacity In Acres 90 150