(a) If one more acre of land became available (for a total of 6001 acres), how would...
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(a) If one more acre of land became available (for a total of 6001 acres), how would this change the co-op's planting strategy and its maximum profit?
(b) Repeat part (a) if 8 more acres of land were available.
(c) Based on parts (a) and (b), what is the profit value of each additional acre of land? This value is called the shadow price of an acre of land.
Refer to the farm co-op application in Example 2(a). Rework that linear programming problem with the indicated changes in one constraint and answer the questions.
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a Constraints 9x 3y 40500 X y 6001 34 x y 250 x 0 y 0 Corner P 60x 40y 052...View the full answer
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Related Book For 
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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