# A farmer has 100 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 \$55 from

A farmer has 100 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 \$55 from each acre of oats and \$125 from each acre of corn, what planting combination will produce the greatest total profit? (Profit here is revenue plus leftover capital and labor funds.) What is the maximum profit?

Related Book For

## Finite Mathematics and Its Applications

12th edition

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair

ISBN: 978-0134768632